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

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

A) The stamp of the notary must be clear and legible and nothing may be written over it.
B) The executed title insurance policy must be sent to the state insurance department.
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.


2. A waiver is defined as the

A) misrepresentation of a known right.
B) acceptance of terms of the policy.
C) intentional and voluntary giving up of a known right.
D) modification of a known right.


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

A) submit to the department a completed renewal form.
B) complete the continuing education requirements, if applicable.
C) hold active insurer appointment(s).
D) pay the required renewal fee.


4. When a mortgagee's title insurance policy is issued and no owner's policy will be issued, a written waiver must be signed by the:

A) Mortgagee
B) Seller
C) Title agent
D) Mortgagor


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

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


Solutions:

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

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