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Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. Title is held by John and Kate, as joint tenants with right of survivorship. If John dies, which is the simplest manner of establishing record evidence of the marketable title in Kate?
A) Probate the estate of John.
B) Record in the county where the property is located a certified copy of John's death certificate.
C) Record a certified copy of a probate court order of John's estate distributing the home to Kate.
D) Nothing is required.
2. Which document is recorded in the recorder of deeds?
A) notice of lis pendens
B) civil judgment
C) realty transfer tax statement of value
D) mechanic's lien
3. A state tax lien filed in the county where the taxpayer owns property is
A) a lien that remains in force for a 3-year period.
B) only a lien against the property described in the lien.
C) only a lien upon the sale of the property.
D) a lien against any property owned by the taxpayer in the county.
4. What requirements define which closing costs are allowable as charges to the borrower?
A) RESPA
B) FHA
C) State
D) ALTA
5. An insurance licensee must do all of the following in order to renew an insurance license EXCEPT
A) submit to the department a completed renewal form.
B) hold active insurer appointment(s).
C) pay the required renewal fee.
D) complete the continuing education requirements, if applicable.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: B |
By Tiffany
