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| Section | Weight | Objectives |
|---|---|---|
| Insurance Regulation | 12% | - Licensing
|
| General Insurance Concepts | 3% | |
| Title Exceptions and Procedures for Clearing Title | 21% | - Property-related issues
|
| Title Insurance Principles | - Title search techniques
|
1. A licensee has violated a Pennsylvania insurance law. The commissioner CANNOT impose what penalty after the hearing?
A) a fine
B) license suspension
C) a jail sentence
D) license revocation
2. On what schedule of a title commitment would you find an easement that is proposed to be an exception from policy coverage?
A) B-II
B) A
C) B-I
D) C
3. A leasehold interest in real property ownership is
A) an usury interest.
B) an insurable interest.
C) a non insurable interest.
D) a lien interest.
4. Which of the following is considered a voluntary lien?
A) Real estate tax lien.
B) Construction lien.
C) State tax lien.
D) Mortgage lien.
5. Obtaining and recording releases of mortgages and reconveyances of trust deeds satisfied at closing is considered part of what process?
A) disbursement
B) pre-closing
C) marketing
D) post-closing
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |
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