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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Title Insurance Principles | 25% | - Exceptions and risk elimination - Purpose and function of title insurance - Title search and examination procedures - Title commitments and policy forms |
| Topic 2: Real Estate Transactions & Settlement | 10% | - Disbursement and record-keeping - Escrow and closing procedures - Policy issuance and delivery |
| Topic 3: Insurance Regulation | 25% | - Pennsylvania insurance statutes and regulations - Unfair trade practices and ethics - Licensing requirements and procedures |
| Topic 4: General Insurance Concepts | 15% | - Basic insurance principles - Risk and indemnity - Contract law fundamentals |
| Topic 5: Real Property Law | 25% | - Property rights and interests - Conveyance and recording statutes - Liens, encumbrances, and easements |
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. Which of the following is NOT among the requirements for recording a document affecting title to property in Pennsylvania?
A) The addresses of grantees must be provided on a special form appended to the document.
B) The executed title insurance policy must be sent to the state insurance department.
C) The stamp of the notary must be clear and legible and nothing may be written over it.
D) The signatures on the document must be acknowledged.
2. Which document is recorded in the recorder of deeds?
A) civil judgment
B) realty transfer tax statement of value
C) notice of lis pendens
D) mechanic's lien
3. Which of the following statements is true concerning an unrecorded deed?
A) it need not name the grantee
B) it need not contain a legal description
C) it does not give constructive notice of ownership
D) it is not valid between the grantor and the grantee
4. Which of the following types of deeds provides the purchaser of real estate the greatest protection?
A) general warranty deed
B) deed in trust
C) trustee's deed
D) quitclaim deed
5. A real estate interest that passes at death by operation of law to the surviving title holder is known as
A) fee simple estate.
B) joint tenancy.
C) real estate contract interest.
D) tenancy in common.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: B |
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