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

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

2. Which of the following can be licensed as a title insurance agent?

A) an officer of a title company
B) an employee of a title company
C) an approved attorney
D) a legal entity

3. When a land owner uses his land as security for a loan, the encumbrance created is called

A) a special security.
B) an involuntary lien.
C) a promissory note.
D) a mortgage.

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

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

5. The sale of a property was subject to the buyer's being able to assume an existing loan on the property. Upon examination, the note was found to contain a clause that prohibited the assumption of the loan. The clause was

A) an assumption clause.
B) a prepayment clause.
C) a due-on-sale clause.
D) a subordination clause.

Solutions: