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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:

SectionWeightObjectives
Insurance Regulation25%- Licensing requirements and procedures
- Pennsylvania insurance statutes and regulations
- Unfair trade practices and ethics
Title Insurance Principles25%- Title commitments and policy forms
- Purpose and function of title insurance
- Title search and examination procedures
- Exceptions and risk elimination
Real Estate Transactions & Settlement10%- Policy issuance and delivery
- Escrow and closing procedures
- Disbursement and record-keeping
Real Property Law25%- Property rights and interests
- Conveyance and recording statutes
- Liens, encumbrances, and easements
General Insurance Concepts15%- Contract law fundamentals
- Risk and indemnity
- Basic insurance principles

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

1. The effective date on a title commitment is the date

A) of the last recording on record.
B) the order was completed.
C) the public records were verified to.
D) the commitment is issued.


2. What is the purpose of probate of an estate?

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


3. Which of the following types of deeds provides the purchaser of real estate the greatest protection?

A) deed in trust
B) trustee's deed
C) quitclaim deed
D) general warranty deed


4. Which section of a title insurance policy lists the rights of the insurer?

A) conditions
B) exclusions from coverage
C) declarations
D) insuring agreement


5. An insurance licensee must do all of the following in order to renew an insurance license EXCEPT

A) complete the continuing education requirements, if applicable.
B) submit to the department a completed renewal form.
C) pay the required renewal fee.
D) hold active insurer appointment(s).


Solutions:

Question # 1
Answer: C
Question # 2
Answer: B
Question # 3
Answer: D
Question # 4
Answer: A
Question # 5
Answer: D

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