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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 # 1

The effective date on a title commitment is the date

Options:

A.  

the order was completed.

B.  

of the last recording on record.

C.  

the commitment is issued.

D.  

the public records were verified to.

Discussion 0
Question # 2

An insurer charges a higher premium for insurance because of someone's race, marital status, or age. This is an example of

Options:

A.  

rebating.

B.  

unfair discrimination.

C.  

illegal inducement.

D.  

unfair coercion.

Discussion 0
Question # 3

Which of the following items is least likely to be recorded?

Options:

A.  

mortgage lien

B.  

bill of sale

C.  

mechanic's lien

D.  

satisfaction of mortgage

Discussion 0
Question # 4

A real estate interest that passes at death by operation of law to the surviving title holder is known as

Options:

A.  

joint tenancy.

B.  

tenancy in common.

C.  

real estate contract interest.

D.  

fee simple estate.

Discussion 0
Question # 5

When insuring a mortgage where there are intervening liens that prevent the lender from holding first lien priority, such other liens may be

Options:

A.  

subordinated to the lien of the subject mortgage.

B.  

waived to the lien of the subject mortgage.

C.  

restricted to the lien of the subject mortgage.

D.  

subrogated to the lien of the insured mortgage.

Discussion 0
Question # 6

An ALTA survey of the land could disclose all of the following EXCEPT

Options:

A.  

a property line lawsuit.

B.  

a pond located on the land.

C.  

the improvements on the land.

D.  

a violation of the setback line.

Discussion 0
Question # 7

Which of the following is NOT among the requirements for recording a document affecting title to property in Pennsylvania?

Options:

A.  

The executed title insurance policy must be sent to the state insurance department.

B.  

The stamp of the notary must be clear and legible and nothing may be written over it.

C.  

The addresses of grantees must be provided on a special form appended to the document.

D.  

The signatures on the document must be acknowledged.

Discussion 0
Question # 8

An insurance licensee must do all of the following in order to renew an insurance license EXCEPT

Options:

A.  

hold active insurer appointment(s).

B.  

submit to the department a completed renewal form.

C.  

pay the required renewal fee.

D.  

complete the continuing education requirements, if applicable.

Discussion 0
Question # 9

Under the terms of a title insurance policy, when a disputed claim is decided by a neutral third party, the process is called

Options:

A.  

litigation.

B.  

subrogation.

C.  

indemnification.

D.  

arbitration.

Discussion 0
Question # 10

In 1990, Eddie granted to Bob an easement to cross Eddie's land to reach some hunting grounds off the highway. The easement was depicted on a plat of survey recorded in the county land records. In 1995, Bob stopped hunting and has not used the easement since. Bob never intends to go back there again. How can Eddie get rid of the easement that crosses his property, so that Eddie can sell the land free of the easement?

Options:

A.  

Eddie can sell the land without regard for the easement because Bob stopped using it in 1995.

B.  

Bob must join Eddie in the execution of the contract to the new buyer to release the new buyer from the effects of the easement.

C.  

The easement can be considered abandoned because Bob no longer hunts and has no intention to use the easement in the future.

D.  

Eddie can sell if Bob executes a release of the easement and it is filed at the recorder's office.

Discussion 0
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