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

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

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

2. Which of the following can be licensed as a title insurance agent?

A) a legal entity
B) an employee of a title company
C) an approved attorney
D) an officer of a title company

3. Which two elements should always be contained in an escrow agreement, specifically to protect the fiduciary and prevent lawsuits?

A) time limit and file number
B) location of property and reason for escrow
C) limitation of liability and ability to resign
D) amount of escrow and addresses of each party

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

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

5. Which of the following is considered a voluntary lien?

A) Mortgage lien.
B) Construction lien.
C) Real estate tax lien.
D) State tax lien.

Solutions: