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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: General Insurance Concepts | 15% | - Contract law fundamentals - Risk and indemnity - Basic insurance principles |
| Topic 2: Title Insurance Principles | 25% | - Title commitments and policy forms - Title search and examination procedures - Purpose and function of title insurance - Exceptions and risk elimination |
| Topic 3: Insurance Regulation | 25% | - Pennsylvania insurance statutes and regulations - Licensing requirements and procedures - Unfair trade practices and ethics |
| Topic 4: Real Estate Transactions & Settlement | 10% | - Escrow and closing procedures - Disbursement and record-keeping - Policy issuance and delivery |
| Topic 5: Real Property Law | 25% | - Property rights and interests - Liens, encumbrances, and easements - Conveyance and recording statutes |
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. Title is vested in Bill and Monica. The deed says nothing as to how they are to hold title or as to their marital status. They are NOT married to each other. The presumption is that
A) they are joint tenants with rights of survivorship.
B) they are tenants in common.
C) the conveyance is void.
D) they are tenants by the entirety.
2. A deed was properly completed and executed. Title to the property passed when the deed was
A) recorded.
B) accepted by the grantee.
C) acknowledged.
D) signed.
3. A purchaser on a real estate contract has what interest in the subject property?
A) fee simple interest
B) equitable interest
C) purchaser's interest
D) vendee's interest
4. A real estate interest that passes at death by operation of law to the surviving title holder is known as
A) tenancy in common.
B) fee simple estate.
C) joint tenancy.
D) real estate contract interest.
5. Obtaining and recording releases of mortgages and reconveyances of trust deeds satisfied at closing is considered part of what process?
A) disbursement
B) marketing
C) post-closing
D) pre-closing
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: C |
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