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PA-Title-Insurance-Agent Pennsylvania Producers Examination for Title Insurance Series 16-10 is now Stable and With Pass Result | Test Your Knowledge for Free

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PA-Title-Insurance-Agent Practice Questions

Pennsylvania Producers Examination for Title Insurance Series 16-10

Last Update 4 days ago
Total Questions : 65

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Question # 11

On what schedule of a title commitment would you find an easement that is proposed to be an exception from policy coverage?

Options:

A.  

A

B.  

B-I

C.  

B-II

D.  

C

Discussion 0
Question # 12

A licensee has violated a Pennsylvania insurance law. The commissioner CANNOT impose what penalty after the hearing?

Options:

A.  

license revocation

B.  

a jail sentence

C.  

license suspension

D.  

a fine

Discussion 0
Question # 13

Which of the following is excluded from coverage in the standard owner's policy?

Options:

A.  

any law, ordinance, or governmental regulation without filed notice

B.  

any claim for loss or damage based on negligence arising from the status of lien with the insured mortgage

C.  

recorded documentation on the title to real property without acknowledgment

D.  

lack of a right of access to and from the land

Discussion 0
Question # 14

The process by which a mortgage is enforced against real estate is called a

Options:

A.  

sheriff's sale.

B.  

non-judicial foreclosure.

C.  

trustee sale.

D.  

forfeiture.

Discussion 0
Question # 15

A local bank holds a mortgage on a certain property. A national bank has purchased the loan from the local bank. The proper document to be recorded in the recorder's office to evidence the ownership of the mortgage by the national bank is referred to as

Options:

A.  

a satisfaction.

B.  

a subordination.

C.  

an assignment.

D.  

a reconveyance.

Discussion 0
Question # 16

Obtaining and recording releases of mortgages and reconveyances of trust deeds satisfied at closing is considered part of what process?

Options:

A.  

marketing

B.  

pre-closing

C.  

disbursement

D.  

post-closing

Discussion 0
Question # 17

Which one of the following estates may NOT be insured under a title insurance policy?

Options:

A.  

Easement.

B.  

License.

C.  

Life estate.

D.  

Leasehold.

Discussion 0
Question # 18

The MAIN purpose of insurance is to

Options:

A.  

transfer risk.

B.  

alter risk.

C.  

reduce risk.

D.  

retain risk.

Discussion 0
Question # 19

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

Options:

A.  

Stops grantor from asserting rights.

B.  

Remove clouds on title.

C.  

Warranty of title.

D.  

Conveyance of title interest.

Discussion 0
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