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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. What is the purpose of probate of an estate?

A) to avoid inheritance tax
B) to transfer a deceased's debts
C) to establish heirs
D) to foreclose a lien

2. A chain of title is best described as

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

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

4. Coverage under a loan policy remains effective

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

5. Which of the following is the broadest form of ownership allowed by law?

A) leasehold
B) fee simple
C) easement estate
D) life estate

Solutions: