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

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

2. A local bank holds a mortgage on a certain property. A national bank has purchased the loan from the local bank. The proper document to be recorded in the recorder's office to evidence the ownership of the mortgage by the national bank is referred to as

A) an assignment.
B) a reconveyance.
C) a subordination.
D) a satisfaction.

3. Which one of the following estates may NOT be insured under a title insurance policy?

A) Leasehold.
B) Easement.
C) License.
D) Life estate.

4. An agent who collects money from an insured and holds it for payment to the insurer is

A) acting in a fiduciary capacity.
B) commingling funds.
C) providing coverage.
D) wrongfully withholding funds.

5. Which of the following items is least likely to be recorded?

A) mechanic's lien
B) mortgage lien
C) satisfaction of mortgage
D) bill of sale

Solutions: