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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Title Insurance Principles | 25% | - Purpose and function of title insurance - Exceptions and risk elimination - Title search and examination procedures - Title commitments and policy forms |
| Insurance Regulation | 25% | - Licensing requirements and procedures - Pennsylvania insurance statutes and regulations - Unfair trade practices and ethics |
| Real Property Law | 25% | - Liens, encumbrances, and easements - Conveyance and recording statutes - Property rights and interests |
| Real Estate Transactions & Settlement | 10% | - Disbursement and record-keeping - Escrow and closing procedures - Policy issuance and delivery |
| General Insurance Concepts | 15% | - Risk and indemnity - Basic insurance principles - Contract law fundamentals |
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
Which of the following is NOT among the requirements for recording a document affecting title to property in Pennsylvania?
- A. The addresses of grantees must be provided on a special form appended to the document.
- B. The executed title insurance policy must be sent to the state insurance department.
- C. The stamp of the notary must be clear and legible and nothing may be written over it.
- D. The signatures on the document must be acknowledged.
Correct Answer: B 🗳️
Explanation: Only visible for TestKingsIT members. You can sign-up / login (it's free).
An agent who collects money from an insured and holds it for payment to the insurer is
- A. providing coverage.
- B. acting in a fiduciary capacity.
- C. wrongfully withholding funds.
- D. commingling funds.
Correct Answer: B 🗳️
Explanation: Only visible for TestKingsIT members. You can sign-up / login (it's free).
An insurance licensee must do all of the following in order to renew an insurance license EXCEPT
- A. complete the continuing education requirements, if applicable.
- B. hold active insurer appointment(s).
- C. pay the required renewal fee.
- D. submit to the department a completed renewal form.
Correct Answer: B 🗳️
Explanation: Only visible for TestKingsIT 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. highway.
- B. iron pin.
- C. corner of a recorded subdivision lot.
- D. fence line.
Correct Answer: C 🗳️
Explanation: Only visible for TestKingsIT members. You can sign-up / login (it's free).
A notarized deed ensures that the
- A. title is transferred.
- B. title is clear.
- C. deed can be recorded.
- D. deed is legally binding.
Correct Answer: C 🗳️
Explanation: Only visible for TestKingsIT members. You can sign-up / login (it's free).
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