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

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

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

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

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

3. Coverage under a loan policy remains effective

A) until the lender assigns the mortgage.
B) until the property is sold.
C) during the life of the owner.
D) until the secured debt is satisfied.

4. The MAIN purpose of an endorsement is to

A) describe the covered losses.
B) decrease the premium.
C) modify the policy.
D) increase the premium.

5. What is the purpose of probate of an estate?

A) to avoid inheritance tax
B) to foreclose a lien
C) to transfer a deceased's debts
D) to establish heirs

Solutions: