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Insurance Licensing PA-Title-Insurance-Agent Exam Overview:

Certification Vendor:Pennsylvania Insurance Department (State of Pennsylvania)
Exam Name:Pennsylvania Producer's Examination for Title Insurance (Title Insurance Agent)
Exam Number:16-10
Exam Format:Multiple Choice
Real Exam Qty:60
Exam Duration:80 minutes
Related Certifications:Pennsylvania Insurance Producer License
Available Languages:English
Sample Questions:Insurance Licensing PA-Title-Insurance-Agent Sample Questions
Exam Way:Administered by PSI Services (computer-based testing at approved testing centers or remote proctored exam where available)
Pre Condition:Must be eligible for Pennsylvania insurance producer licensing; pre-licensing education typically required before exam registration.

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

SectionWeightObjectives
Title Exceptions and Procedures for Clearing Title21%- Liens and encumbrances
  • 1. Voluntary liens
    • 2. Judgments
      • 3. Involuntary liens
        • 4. Federal liens
          • 5. Taxes and assessments
            - General exceptions
            - Property-related issues
            • 1. Water rights
              • 2. Attachments
                • 3. Mineral rights
                  • 4. Condominiums
                    • 5. Equitable interests
                      • 6. Surveys
                        Insurance Regulation12%- Title insurance law requirements
                        • 1. Examination of title required
                          - Unfair trade practices
                          • 1. Twisting
                            • 2. Defamation
                              • 3. Rebates and inducements
                                • 4. Misrepresentation
                                  • 5. False advertising
                                    • 6. Boycott, coercion or intimidation
                                      • 7. Unfair discrimination
                                        - State regulation
                                        • 1. Commissioner's general duties and powers
                                          - Federal regulation
                                          • 1. Fair Credit Reporting Act
                                            • 2. Fraud and false statements (18 USC 1033/1034)
                                              - Licensing
                                              • 1. Address change
                                                • 2. Renewal
                                                  • 3. Expiration
                                                    • 4. Disciplinary actions
                                                      • 5. Appointment procedures
                                                        • 6. General requirements
                                                          • 7. Title producer additional requirements
                                                            • 8. Reporting of actions
                                                              • 9. Maintenance and duration
                                                                • 10. Cease and desist orders
                                                                  • 11. Revocation, suspension, nonrenewal or denial of license
                                                                    • 12. Assumed names
                                                                      • 13. Persons to be licensed
                                                                        • 14. Licensing process
                                                                          • 15. Continuing education
                                                                            - Company regulation
                                                                            • 1. Rates regulation
                                                                              • 2. Solvency requirements
                                                                                • 3. Unfair claims settlement practices
                                                                                  - Producer regulation
                                                                                  • 1. Record keeping
                                                                                    • 2. Prohibited acts
                                                                                      • 3. Charges for extra services
                                                                                        • 4. Unfair inducements and marketing practices
                                                                                          Title Insurance Principles- Title search techniques
                                                                                          • 1. Hard copy index
                                                                                            • 2. Computer index
                                                                                              • 3. Chain sheet
                                                                                                - Policy structure
                                                                                                • 1. Conditions and stipulations
                                                                                                  • 2. Insuring provisions
                                                                                                    • 3. Endorsements
                                                                                                      • 4. Schedule B exceptions
                                                                                                        • 5. Exclusions
                                                                                                          • 6. Schedule A
                                                                                                            - Insurable interests
                                                                                                            • 1. Fee simple estate
                                                                                                              • 2. Easements
                                                                                                                • 3. Life estate
                                                                                                                  • 4. Leasehold estate
                                                                                                                    - Title insurance policies
                                                                                                                    • 1. Loan policy
                                                                                                                      • 2. Leasehold policy
                                                                                                                        • 3. Owner's policy
                                                                                                                          • 4. Enhanced policies
                                                                                                                            • 5. Commitments
                                                                                                                              - Risks covered by title insurance
                                                                                                                              • 1. Errors by producer
                                                                                                                                • 2. Hidden off-record risks
                                                                                                                                  • 3. Errors in public records
                                                                                                                                    General Insurance Concepts3%

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

                                                                                                                                    Question #1

                                                                                                                                    To satisfy a mortgage of record, which of the following must be filed?

                                                                                                                                    • A. a certified copy of original mortgage
                                                                                                                                    • B. a mortgage satisfaction
                                                                                                                                    • C. a payoff statement
                                                                                                                                    • D. an original note
                                                                                                                                    Reveal Solution  Discussion  0

                                                                                                                                    Correct Answer: B  🗳️

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                                                                                                                                    Question #2

                                                                                                                                    The term used in the Real Estate Settlement Procedure Act (RESPA), that describes a situation in which a person must use a particular provider for settlement services in order to have access to some distinct service or property, is known as

                                                                                                                                    • A. anti-kickback.
                                                                                                                                    • B. tied benefits.
                                                                                                                                    • C. bundled services.
                                                                                                                                    • D. required use.
                                                                                                                                    Reveal Solution  Discussion  0

                                                                                                                                    Correct Answer: D  🗳️

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                                                                                                                                    Question #3

                                                                                                                                    According to the Fair Credit Reporting Act, an insurer needs to do all of the following, EXCEPT

                                                                                                                                    • A. inform the applicant about the scope of an investigation.
                                                                                                                                    • B. discuss any credit history inconsistencies with the applicant.
                                                                                                                                    • C. inform the applicant that an investigation is being conducted.
                                                                                                                                    • D. notify the applicant if an application is denied.
                                                                                                                                    Reveal Solution  Discussion  0

                                                                                                                                    Correct Answer: B  🗳️

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                                                                                                                                    Question #4

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

                                                                                                                                    • A. Stops grantor from asserting rights.
                                                                                                                                    • B. Conveyance of title interest.
                                                                                                                                    • C. Warranty of title.
                                                                                                                                    • D. Remove clouds on title.
                                                                                                                                    Reveal Solution  Discussion  0

                                                                                                                                    Correct Answer: C  🗳️

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                                                                                                                                    Question #5

                                                                                                                                    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
                                                                                                                                    Reveal Solution  Discussion  0

                                                                                                                                    Correct Answer: B  🗳️

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