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

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

                                                                                                                                    1. Who of the following CANNOT be covered by a Closing Protection Letter?

                                                                                                                                    A) Lender.
                                                                                                                                    B) Purchaser/buyer.
                                                                                                                                    C) Seller.
                                                                                                                                    D) Escrow agent.


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

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


                                                                                                                                    3. The effective date on a title commitment is the date

                                                                                                                                    A) the public records were verified to.
                                                                                                                                    B) the commitment is issued.
                                                                                                                                    C) the order was completed.
                                                                                                                                    D) of the last recording on record.


                                                                                                                                    4. A purchaser on a real estate contract has what interest in the subject property?

                                                                                                                                    A) vendee's interest
                                                                                                                                    B) fee simple interest
                                                                                                                                    C) equitable interest
                                                                                                                                    D) purchaser's interest


                                                                                                                                    5. Which of the following parties can file a claim under the provisions of a title policy?

                                                                                                                                    A) The taxing authority with jurisdiction over the insured property.
                                                                                                                                    B) The holder of an undisclosed interest in the insured property.
                                                                                                                                    C) The insured named under the policy.
                                                                                                                                    D) The holder of a judgment against the insured.


                                                                                                                                    Solutions:

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

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