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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. The effective date on a title commitment is the date

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

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

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

3. The process by which a mortgage is enforced against real estate is called a

A) forfeiture.
B) sheriff's sale.
C) trustee sale.
D) non-judicial foreclosure.

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

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

5. The sale of a property was subject to the buyer's being able to assume an existing loan on the property. Upon examination, the note was found to contain a clause that prohibited the assumption of the loan. The clause was

A) a prepayment clause.
B) an assumption clause.
C) a due-on-sale clause.
D) a subordination clause.

Solutions: