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

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

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

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

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

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

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

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

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

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

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

Solutions: