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

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

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

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

4. A local bank holds a mortgage on a certain property. A national bank has purchased the loan from the local bank. The proper document to be recorded in the recorder's office to evidence the ownership of the mortgage by the national bank is referred to as

A) a satisfaction.
B) a reconveyance.
C) an assignment.
D) a subordination.

5. The commissioner may refuse to issue a license if the applicant

A) provided incorrect information on licensing application.
B) is 20-years of age.
C) has allowed an insurance license to lapse.
D) is not a resident of Pennsylvania.

Solutions: