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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Insurance Industry Overview | - Fundamentals of Insurance Principles
|
| Topic 2: Real Estate and Settlement Procedures | - Legal Concepts
|
| Topic 3: Ethics and Professional Conduct | - Fiduciary Responsibilities
|
| Topic 4: Title Insurance Principles | - Title Search and Examination
|
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) license revocation
B) license suspension
C) a jail sentence
D) a fine
2. Karen has a life estate in the property. Upon her death, the property passes to
A) the remainderman.
B) the previous owner.
C) her heirs.
D) her spouse.
3. Which of the following is considered a voluntary lien?
A) Mortgage lien.
B) Real estate tax lien.
C) Construction lien.
D) State tax lien.
4. An insurance licensee must do all of the following in order to renew an insurance license EXCEPT
A) hold active insurer appointment(s).
B) submit to the department a completed renewal form.
C) complete the continuing education requirements, if applicable.
D) pay the required renewal fee.
5. According to the Fair Credit Reporting Act, an insurer needs to do all of the following, EXCEPT
A) discuss any credit history inconsistencies with the applicant.
B) notify the applicant if an application is denied.
C) inform the applicant that an investigation is being conducted.
D) inform the applicant about the scope of an investigation.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |
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