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

1. On what schedule of a title commitment would you find an easement that is proposed to be an exception from policy coverage?

A) A
B) B-I
C) B-II
D) C

2. The term used in the Real Estate Settlement Procedure Act (RESPA), that describes a situation in which a person must use a particular provider for settlement services in order to have access to some distinct service or property, is known as

A) bundled services.
B) anti-kickback.
C) tied benefits.
D) required use.

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

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

4. An insurance licensee must do all of the following in order to renew an insurance license EXCEPT

A) submit to the department a completed renewal form.
B) complete the continuing education requirements, if applicable.
C) pay the required renewal fee.
D) hold active insurer appointment(s).

5. 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) affix his or her official stamp
D) list the expiration date of his or her commission

Solutions: