Insurance Licensing PA-Title-Insurance-Agent real exam prep : Pennsylvania Producers Examination for Title Insurance Series 16-10

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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. All of the following are considered valid monuments for the purpose of legally describing real property EXCEPT a

A) corner of a recorded subdivision lot.
B) highway.
C) fence line.
D) iron pin.

2. The process by which a mortgage is enforced against real estate is called a

A) forfeiture.
B) sheriff's sale.
C) trustee sale.
D) non-judicial foreclosure.

3. A licensee has violated a Pennsylvania insurance law. The commissioner CANNOT impose what penalty after the hearing?

A) license suspension
B) license revocation
C) a fine
D) a jail sentence

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

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

5. A chain of title is best described as

A) an opinion of title provided by an attorney.
B) a series of conveyances of public record.
C) a grantor/grantee index.
D) an historical record of liens on the property.

Solutions: