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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. Who of the following CANNOT be covered by a Closing Protection Letter?

A) Lender.
B) Seller.
C) Purchaser/buyer.
D) Escrow agent.

2. The MAIN purpose of insurance is to

A) retain risk.
B) alter risk.
C) transfer risk.
D) reduce risk.

3. Coverage under a loan policy remains effective

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

4. Which of the following is considered an involuntary lien?

A) HELOC loan
B) a life estate reservation
C) deed restriction
D) federal tax lien

5. A deed to a lot in Greenacre is recorded. Two parties who are NOT married to each other are named as grantees. The deed does NOT mention any form of tenancy. How do the grantees hold title to the lot?

A) as tenants in common
B) as tenants by the entireties
C) as joint tenants
D) as tenants at sufferance

Solutions: