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

1. When a mortgagee's title insurance policy is issued and no owner's policy will be issued, a written waiver must be signed by the:

A) Seller
B) Mortgagor
C) Title agent
D) Mortgagee

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

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

3. A statement included on a title commitment such as "record warranty deed from the owner shown in Schedule A vesting title in the proposed insured" is an example of a

A) post policy event.
B) standard exception.
C) condition.
D) requirement.

4. An ALTA survey of the land could disclose all of the following EXCEPT

A) a pond located on the land.
B) a violation of the setback line.
C) the improvements on the land.
D) a property line lawsuit.

5. On what schedule of a title commitment would you find an easement that is proposed to be an exception from policy coverage?

A) B-I
B) C
C) B-II
D) A

Solutions: