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Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:

1. Which of the following parties can file a claim under the provisions of a title policy?

A) The holder of a judgment against the insured.
B) The holder of an undisclosed interest in the insured property.
C) The insured named under the policy.
D) The taxing authority with jurisdiction over the insured property.

2. A leasehold interest in real property ownership is

A) an insurable interest.
B) a lien interest.
C) an usury interest.
D) a non insurable interest.

3. A deed was properly completed and executed. Title to the property passed when the deed was

A) recorded.
B) signed.
C) accepted by the grantee.
D) acknowledged.

4. Which two elements should always be contained in an escrow agreement, specifically to protect the fiduciary and prevent lawsuits?

A) location of property and reason for escrow
B) amount of escrow and addresses of each party
C) limitation of liability and ability to resign
D) time limit and file number

5. Obtaining and recording releases of mortgages and reconveyances of trust deeds satisfied at closing is considered part of what process?

A) post-closing
B) marketing
C) pre-closing
D) disbursement

Solutions: