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

1. Coverage under a loan policy remains effective

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

2. The process by which a mortgage is enforced against real estate is called a

A) trustee sale.
B) sheriff's sale.
C) non-judicial foreclosure.
D) forfeiture.

3. Which of the following is NOT the responsibility of the Notary Public when taking an acknowledgment on a Deed, Mortgage or Deed of Trust?

A) sign his or her name on the witness line
B) obtain proper identification from all signers
C) affix his or her official stamp
D) list the expiration date of his or her commission

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

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

5. A notarized deed ensures that the

A) deed can be recorded.
B) title is clear.
C) title is transferred.
D) deed is legally binding.

Solutions: