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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 leasehold interest in real property ownership is

A) a lien interest.
B) an insurable interest.
C) an usury interest.
D) a non insurable interest.

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

A) waived to the lien of the subject mortgage.
B) restricted to the lien of the subject mortgage.
C) subordinated to the lien of the subject mortgage.
D) subrogated to the lien of the insured mortgage.

3. The sale of a property was subject to the buyer's being able to assume an existing loan on the property. Upon examination, the note was found to contain a clause that prohibited the assumption of the loan. The clause was

A) an assumption clause.
B) a subordination clause.
C) a prepayment clause.
D) a due-on-sale clause.

4. The commissioner may refuse to issue a license if the applicant

A) provided incorrect information on licensing application.
B) has allowed an insurance license to lapse.
C) is not a resident of Pennsylvania.
D) is 20-years of age.

5. Which document is recorded in the recorder of deeds?

A) mechanic's lien
B) notice of lis pendens
C) realty transfer tax statement of value
D) civil judgment

Solutions: