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

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

2. A purchaser on a real estate contract has what interest in the subject property?

A) fee simple interest
B) purchaser's interest
C) equitable interest
D) vendee's interest

3. 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) time limit and file number
D) limitation of liability and ability to resign

4. Which of the following is NOT effective with a Quit Claim Deed?

A) Remove clouds on title.
B) Conveyance of title interest.
C) Warranty of title.
D) Stops grantor from asserting rights.

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) hold active insurer appointment(s).
C) pay the required renewal fee.
D) submit to the department a completed renewal form.

Solutions: