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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. To satisfy a mortgage of record, which of the following must be filed?

A) a mortgage satisfaction
B) a payoff statement
C) a certified copy of original mortgage
D) an original note

2. Under the terms of a title insurance policy, when a disputed claim is decided by a neutral third party, the process is called

A) subrogation.
B) arbitration.
C) litigation.
D) indemnification.

3. An insurance licensee must do all of the following in order to renew an insurance license EXCEPT

A) complete the continuing education requirements, if applicable.
B) pay the required renewal fee.
C) submit to the department a completed renewal form.
D) hold active insurer appointment(s).

4. A deed was properly completed and executed. Title to the property passed when the deed was

A) accepted by the grantee.
B) signed.
C) acknowledged.
D) recorded.

5. Coverage under a loan policy remains effective

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

Solutions: