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

2. An agent who collects money from an insured and holds it for payment to the insurer is

A) providing coverage.
B) wrongfully withholding funds.
C) commingling funds.
D) acting in a fiduciary capacity.

3. When a mortgagee's title insurance policy is issued and no owner's policy will be issued, a written waiver must be signed by the:

A) Title agent
B) Mortgagee
C) Seller
D) Mortgagor

4. An acknowledgment

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

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

Solutions: