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

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

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

4. A local bank holds a mortgage on a certain property. A national bank has purchased the loan from the local bank. The proper document to be recorded in the recorder's office to evidence the ownership of the mortgage by the national bank is referred to as

A) an assignment.
B) a subordination.
C) a reconveyance.
D) a satisfaction.

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

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

Solutions: