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

SectionWeightObjectives
Topic 1: Insurance Regulation25%- Licensing requirements and procedures
- Unfair trade practices and ethics
- Pennsylvania insurance statutes and regulations
Topic 2: Title Insurance Principles25%- Title commitments and policy forms
- Purpose and function of title insurance
- Exceptions and risk elimination
- Title search and examination procedures
Topic 3: General Insurance Concepts15%- Risk and indemnity
- Contract law fundamentals
- Basic insurance principles
Topic 4: Real Estate Transactions & Settlement10%- Disbursement and record-keeping
- Policy issuance and delivery
- Escrow and closing procedures
Topic 5: Real Property Law25%- 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. What must accompany the satisfaction piece when presented for recording?

A) The payment record
B) The original mortgage instrument
C) The final receipt
D) The certificate of title


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

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


3. A chain of title is best described as

A) an opinion of title provided by an attorney.
B) a series of conveyances of public record.
C) a grantor/grantee index.
D) an historical record of liens on the property.


4. Which of the following types of deeds provides the purchaser of real estate the greatest protection?

A) deed in trust
B) quitclaim deed
C) trustee's deed
D) general warranty deed


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


Solutions:

Question # 1
Answer: B
Question # 2
Answer: D
Question # 3
Answer: B
Question # 4
Answer: D
Question # 5
Answer: C

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