Exam Name: Pennsylvania Producers Examination for Title Insurance Series 16-10
Certification Provider: Insurance Licensing
Corresponding Certification: Pennsylvania Insurance Licencing (PAIN)
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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Insurance Industry Overview | - Regulatory Framework
|
| Topic 2: Title Insurance Principles | - Title Search and Examination
|
| Topic 3: Ethics and Professional Conduct | - Fiduciary Responsibilities
|
| Topic 4: Real Estate and Settlement Procedures | - Legal Concepts
|
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
Under the terms of a title insurance policy, when a disputed claim is decided by a neutral third party, the process is called
- A. indemnification.
- B. subrogation.
- C. litigation.
- D. arbitration.
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According to the Fair Credit Reporting Act, an insurer needs to do all of the following, EXCEPT
- A. notify the applicant if an application is denied.
- B. inform the applicant that an investigation is being conducted.
- C. discuss any credit history inconsistencies with the applicant.
- D. inform the applicant about the scope of an investigation.
Explanation: Only visible for ExamPrepAway members. You can sign-up / login (it's free).
Obtaining and recording releases of mortgages and reconveyances of trust deeds satisfied at closing is considered part of what process?
- A. marketing
- B. pre-closing
- C. disbursement
- D. post-closing
Explanation: Only visible for ExamPrepAway members. You can sign-up / login (it's free).
When issuing an Owner's policy, encumbrances should be shown as
- A. listed on Schedule A for informational purposes.
- B. an exception in Schedule C.
- C. listed on Schedule B as an exception.
- D. a requirement in Schedule B-I.
Explanation: Only visible for ExamPrepAway members. You can sign-up / login (it's free).
Which of the following can be licensed as a title insurance agent?
- A. an approved attorney
- B. a legal entity
- C. an officer of a title company
- D. an employee of a title company
Explanation: Only visible for ExamPrepAway members. You can sign-up / login (it's free).
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