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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| General Insurance Concepts | 15% | - Risk and indemnity - Basic insurance principles - Contract law fundamentals |
| Real Property Law | 25% | - Conveyance and recording statutes - Liens, encumbrances, and easements - Property rights and interests |
| Insurance Regulation | 25% | - Pennsylvania insurance statutes and regulations - Unfair trade practices and ethics - Licensing requirements and procedures |
| Real Estate Transactions & Settlement | 10% | - Escrow and closing procedures - Disbursement and record-keeping - Policy issuance and delivery |
| Title Insurance Principles | 25% | - Purpose and function of title insurance - Title commitments and policy forms - Title search and examination procedures - Exceptions and risk elimination |
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. Under the terms of a title insurance policy, when a disputed claim is decided by a neutral third party, the process is called
A) litigation.
B) subrogation.
C) indemnification.
D) arbitration.
2. A chain of title is best described as
A) a grantor/grantee index.
B) an opinion of title provided by an attorney.
C) a series of conveyances of public record.
D) an historical record of liens on the property.
3. On what schedule of a title commitment would you find an easement that is proposed to be an exception from policy coverage?
A) A
B) B-II
C) B-I
D) C
4. Which two elements should always be contained in an escrow agreement, specifically to protect the fiduciary and prevent lawsuits?
A) limitation of liability and ability to resign
B) amount of escrow and addresses of each party
C) location of property and reason for escrow
D) time limit and file number
5. An acknowledgment
A) provides evidence that a signature is genuine.
B) states that a deed contains verified information.
C) is a signature on a deed.
D) is an authorization to convey property.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A |

18 Customer Reviews 







Elmer -
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