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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. The MAIN purpose of insurance is to

A) retain risk.
B) transfer risk.
C) alter risk.
D) reduce risk.

2. Under the terms of a title insurance policy, when a disputed claim is decided by a neutral third party, the process is called

A) indemnification.
B) litigation.
C) subrogation.
D) arbitration.

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

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

4. 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) Intangible
B) Tangible
C) Personal
D) Real

5. A leasehold interest in real property ownership is

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

Solutions: