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

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

1. What is the purpose of probate of an estate?

A) to avoid inheritance tax
B) to transfer a deceased's debts
C) to establish heirs
D) to foreclose a lien

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

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

3. Title insurance NOT covering the insured for unpaid property taxes, which are NOT known at the time of closing, would be considered a

A) judgment.
B) covenant.
C) standard exception.
D) federal lien.

4. Obtaining and recording releases of mortgages and reconveyances of trust deeds satisfied at closing is considered part of what process?

A) disbursement
B) pre-closing
C) marketing
D) post-closing

5. Which property type includes all lands, man-made improvements, anything growing on the lands, as well as interests, or "rights," including future occupancy, reversion, and the use of surface and air space?

A) Personal
B) Tangible
C) Intangible
D) Real

Solutions: