Online Version
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Software Version
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Comprehensive Version and Good Service
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PDF Version
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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Real Estate Transactions & Settlement | 10% | - Disbursement and record-keeping - Policy issuance and delivery - Escrow and closing procedures |
| Insurance Regulation | 25% | - Unfair trade practices and ethics - Pennsylvania insurance statutes and regulations - Licensing requirements and procedures |
| Real Property Law | 25% | - Conveyance and recording statutes - Property rights and interests - Liens, encumbrances, and easements |
| Title Insurance Principles | 25% | - Title search and examination procedures - Title commitments and policy forms - Purpose and function of title insurance - Exceptions and risk elimination |
| General Insurance Concepts | 15% | - Contract law fundamentals - Risk and indemnity - Basic insurance principles |
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. An insurer fails to promptly provide a reasonable explanation for the denial of a claim as a general business practice. This is considered to be
A) an unfair insurance practice.
B) a contractual liability.
C) a violation of the grace period provision.
D) a fraudulent insurance act.
2. A manufactured home can be insured if
A) a mortgage has been filed describing the manufactured home.
B) the motor vehicle title has been deactivated, it is affixed and assessed as real property.
C) it is on the insured property and has a permanent foundation.
D) it has a motor vehicle title and is located on the insured property.
3. When a land owner uses his land as security for a loan, the encumbrance created is called
A) a promissory note.
B) an involuntary lien.
C) a mortgage.
D) a special security.
4. On what schedule of a title commitment would you find an easement that is proposed to be an exception from policy coverage?
A) C
B) B-II
C) A
D) B-I
5. Which document is recorded in the recorder of deeds?
A) notice of lis pendens
B) realty transfer tax statement of value
C) civil judgment
D) mechanic's lien
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: B |

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