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

1. Which document is recorded in the recorder of deeds?

A) notice of lis pendens
B) civil judgment
C) mechanic's lien
D) realty transfer tax statement of value

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

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

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

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

4. The MAIN purpose of an endorsement is to

A) describe the covered losses.
B) modify the policy.
C) decrease the premium.
D) increase the premium.

5. A leasehold interest in real property ownership is

A) a lien interest.
B) an usury interest.
C) an insurable interest.
D) a non insurable interest.

Solutions: