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

1. A state tax lien filed in the county where the taxpayer owns property is

A) only a lien upon the sale of the property.
B) a lien that remains in force for a 3-year period.
C) a lien against any property owned by the taxpayer in the county.
D) only a lien against the property described in the lien.

2. An agent who collects money from an insured and holds it for payment to the insurer is

A) wrongfully withholding funds.
B) providing coverage.
C) acting in a fiduciary capacity.
D) commingling funds.

3. The effective date on a title commitment is the date

A) the commitment is issued.
B) the order was completed.
C) of the last recording on record.
D) the public records were verified to.

4. Which of the following statements is true concerning an unrecorded deed?

A) it need not name the grantee
B) it is not valid between the grantor and the grantee
C) it does not give constructive notice of ownership
D) it need not contain a legal description

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

Solutions: