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

SectionObjectives
Topic 1: Title Insurance Principles- Title Search and Examination
  • 1. Public records and title defects
    • 2. Chain of title
      - Title Insurance Policies
      • 1. Covered risks and exclusions
        • 2. Owner vs lender policies
          Topic 2: Real Estate and Settlement Procedures- Closing Process
          • 1. Settlement statements (HUD-1 / Closing Disclosure)
            • 2. Escrow handling
              - Legal Concepts
              • 1. Liens and encumbrances
                • 2. Deeds and conveyancing
                  Topic 3: Ethics and Professional Conduct- Fiduciary Responsibilities
                  • 1. Duties of insurance producers
                    • 2. Consumer protection standards
                      Topic 4: Insurance Industry Overview- Fundamentals of Insurance Principles
                      • 1. Risk concepts and types of risk
                        • 2. Insurance contract basics
                          - Regulatory Framework
                          • 1. Licensing requirements and compliance
                            • 2. State insurance regulations (Pennsylvania)

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

                              1. An acknowledgment

                              A) states that a deed contains verified information.
                              B) is an authorization to convey property.
                              C) provides evidence that a signature is genuine.
                              D) is a signature on a deed.


                              2. Which of the following is NOT among the requirements for recording a document affecting title to property in Pennsylvania?

                              A) The stamp of the notary must be clear and legible and nothing may be written over it.
                              B) The executed title insurance policy must be sent to the state insurance department.
                              C) The signatures on the document must be acknowledged.
                              D) The addresses of grantees must be provided on a special form appended to the document.


                              3. Karen has a life estate in the property. Upon her death, the property passes to

                              A) the previous owner.
                              B) her heirs.
                              C) her spouse.
                              D) the remainderman.


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

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


                              5. Which of the following statements is true concerning an unrecorded deed?

                              A) it does not give constructive notice of ownership
                              B) it is not valid between the grantor and the grantee
                              C) it need not name the grantee
                              D) it need not contain a legal description


                              Solutions:

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

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