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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 Duration:80 minutes
Related Certifications:Pennsylvania Insurance Producer License
Exam Format:Multiple Choice
Real Exam Qty:60
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
Insurance Regulation12%- Title insurance law requirements
  • 1. Examination of title required
    - Unfair trade practices
    • 1. Twisting
      • 2. False advertising
        • 3. Defamation
          • 4. Unfair discrimination
            • 5. Boycott, coercion or intimidation
              • 6. Rebates and inducements
                • 7. Misrepresentation
                  - Company regulation
                  • 1. Rates regulation
                    • 2. Solvency requirements
                      • 3. Unfair claims settlement practices
                        - Federal regulation
                        • 1. Fraud and false statements (18 USC 1033/1034)
                          • 2. Fair Credit Reporting Act
                            - Licensing
                            • 1. Disciplinary actions
                              • 2. Licensing process
                                • 3. Assumed names
                                  • 4. Maintenance and duration
                                    • 5. Title producer additional requirements
                                      • 6. Revocation, suspension, nonrenewal or denial of license
                                        • 7. Reporting of actions
                                          • 8. Continuing education
                                            • 9. Cease and desist orders
                                              • 10. Address change
                                                • 11. General requirements
                                                  • 12. Appointment procedures
                                                    • 13. Persons to be licensed
                                                      • 14. Expiration
                                                        • 15. Renewal
                                                          - State regulation
                                                          • 1. Commissioner's general duties and powers
                                                            - Producer regulation
                                                            • 1. Charges for extra services
                                                              • 2. Prohibited acts
                                                                • 3. Unfair inducements and marketing practices
                                                                  • 4. Record keeping
                                                                    General Insurance Concepts3%
                                                                    Title Exceptions and Procedures for Clearing Title21%- Liens and encumbrances
                                                                    • 1. Involuntary liens
                                                                      • 2. Federal liens
                                                                        • 3. Judgments
                                                                          • 4. Taxes and assessments
                                                                            • 5. Voluntary liens
                                                                              - General exceptions
                                                                              - Property-related issues
                                                                              • 1. Surveys
                                                                                • 2. Attachments
                                                                                  • 3. Mineral rights
                                                                                    • 4. Condominiums
                                                                                      • 5. Water rights
                                                                                        • 6. Equitable interests
                                                                                          Title Insurance Principles- Title insurance policies
                                                                                          • 1. Loan policy
                                                                                            • 2. Owner's policy
                                                                                              • 3. Leasehold policy
                                                                                                • 4. Commitments
                                                                                                  • 5. Enhanced policies
                                                                                                    - Title search techniques
                                                                                                    • 1. Computer index
                                                                                                      • 2. Chain sheet
                                                                                                        • 3. Hard copy index
                                                                                                          - Policy structure
                                                                                                          • 1. Schedule A
                                                                                                            • 2. Insuring provisions
                                                                                                              • 3. Conditions and stipulations
                                                                                                                • 4. Endorsements
                                                                                                                  • 5. Schedule B exceptions
                                                                                                                    • 6. Exclusions
                                                                                                                      - Insurable interests
                                                                                                                      • 1. Fee simple estate
                                                                                                                        • 2. Leasehold estate
                                                                                                                          • 3. Life estate
                                                                                                                            • 4. Easements
                                                                                                                              - Risks covered by title insurance
                                                                                                                              • 1. Errors by producer
                                                                                                                                • 2. Hidden off-record risks
                                                                                                                                  • 3. Errors in public records

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

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

                                                                                                                                    A) A
                                                                                                                                    B) C
                                                                                                                                    C) B-I
                                                                                                                                    D) B-II


                                                                                                                                    2. When a land owner uses his land as security for a loan, the encumbrance created is called

                                                                                                                                    A) a mortgage.
                                                                                                                                    B) a special security.
                                                                                                                                    C) a promissory note.
                                                                                                                                    D) an involuntary lien.


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

                                                                                                                                    A) fee simple estate.
                                                                                                                                    B) joint tenancy.
                                                                                                                                    C) tenancy in common.
                                                                                                                                    D) real estate contract interest.


                                                                                                                                    4. What must accompany the satisfaction piece when presented for recording?

                                                                                                                                    A) The certificate of title
                                                                                                                                    B) The final receipt
                                                                                                                                    C) The original mortgage instrument
                                                                                                                                    D) The payment record


                                                                                                                                    5. 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

                                                                                                                                    A) an assignment.
                                                                                                                                    B) a satisfaction.
                                                                                                                                    C) a subordination.
                                                                                                                                    D) a reconveyance.


                                                                                                                                    Solutions:

                                                                                                                                    Question # 1
                                                                                                                                    Answer: D
                                                                                                                                    Question # 2
                                                                                                                                    Answer: A
                                                                                                                                    Question # 3
                                                                                                                                    Answer: B
                                                                                                                                    Question # 4
                                                                                                                                    Answer: C
                                                                                                                                    Question # 5
                                                                                                                                    Answer: A

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