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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:

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

1. The MAIN purpose of insurance is to

A) retain risk.
B) reduce risk.
C) transfer risk.
D) alter risk.

2. Which of the following is considered a voluntary lien?

A) State tax lien.
B) Construction lien.
C) Real estate tax lien.
D) Mortgage lien.

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

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.

4. To satisfy a mortgage of record, which of the following must be filed?

A) a payoff statement
B) a mortgage satisfaction
C) a certified copy of original mortgage
D) an original note

5. An acknowledgment

A) is an authorization to convey property.
B) states that a deed contains verified information.
C) provides evidence that a signature is genuine.
D) is a signature on a deed.

Solutions: