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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Title Insurance Principles | 25% | - Purpose and function of title insurance - Exceptions and risk elimination - Title search and examination procedures - Title commitments and policy forms |
| Topic 2: Insurance Regulation | 25% | - Unfair trade practices and ethics - Licensing requirements and procedures - Pennsylvania insurance statutes and regulations |
| Topic 3: General Insurance Concepts | 15% | - Contract law fundamentals - Risk and indemnity - Basic insurance principles |
| Topic 4: Real Estate Transactions & Settlement | 10% | - Disbursement and record-keeping - Escrow and closing procedures - Policy issuance and delivery |
| Topic 5: Real Property Law | 25% | - Conveyance and recording statutes - Property rights and interests - Liens, encumbrances, and easements |
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. Which of the following types of deeds provides the purchaser of real estate the greatest protection?
A) deed in trust
B) trustee's deed
C) general warranty deed
D) quitclaim deed
2. Which two elements should always be contained in an escrow agreement, specifically to protect the fiduciary and prevent lawsuits?
A) location of property and reason for escrow
B) time limit and file number
C) limitation of liability and ability to resign
D) amount of escrow and addresses of each party
3. All of the following are subject to false advertising regulations EXCEPT
A) gifts.
B) letters.
C) statements.
D) circulars.
4. Which one of the following estates may NOT be insured under a title insurance policy?
A) Leasehold.
B) Easement.
C) Life estate.
D) License.
5. Title insurance NOT covering the insured for unpaid property taxes, which are NOT known at the time of closing, would be considered a
A) covenant.
B) judgment.
C) standard exception.
D) federal lien.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |
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