Insurance Licensing PA-Title-Insurance-Agent : Pennsylvania Producers Examination for Title Insurance Series 16-10

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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:

Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:

1. A statement included on a title commitment such as "record warranty deed from the owner shown in Schedule A vesting title in the proposed insured" is an example of a

A) post policy event.
B) condition.
C) standard exception.
D) requirement.

2. Coverage under a loan policy remains effective

A) until the secured debt is satisfied.
B) during the life of the owner.
C) until the property is sold.
D) until the lender assigns the mortgage.

3. Karen has a life estate in the property. Upon her death, the property passes to

A) her heirs.
B) her spouse.
C) the remainderman.
D) the previous owner.

4. The process by which a mortgage is enforced against real estate is called a

A) forfeiture.
B) trustee sale.
C) non-judicial foreclosure.
D) sheriff's sale.

5. On what schedule of a title commitment would you find an easement that is proposed to be an exception from policy coverage?

A) C
B) B-I
C) B-II
D) A

Solutions: