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

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

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

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

                              • A. wrongfully withholding funds.
                              • B. commingling funds.
                              • C. acting in a fiduciary capacity.
                              • D. providing coverage.
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

                              Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).

                              Which of the following is considered a voluntary lien?

                              • A. Construction lien.
                              • B. State tax lien.
                              • C. Real estate tax lien.
                              • D. Mortgage lien.
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).

                              All of the following are subject to false advertising regulations EXCEPT

                              • A. letters.
                              • B. gifts.
                              • C. circulars.
                              • D. statements.
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

                              Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).

                              All of the following are considered valid monuments for the purpose of legally describing real property EXCEPT a

                              • A. corner of a recorded subdivision lot.
                              • B. highway.
                              • C. fence line.
                              • D. iron pin.
                              Reveal Solution  Discussion  0

                              Correct Answer: A  🗳️

                              Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).

                              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. an assumption clause.
                              • B. a due-on-sale clause.
                              • C. a subordination clause.
                              • D. a prepayment clause.
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

                              Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).

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