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

2. To satisfy a mortgage of record, which of the following must be filed?

A) a mortgage satisfaction
B) an original note
C) a payoff statement
D) a certified copy of original mortgage

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

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

4. Which property type includes all lands, man-made improvements, anything growing on the lands, as well as interests, or "rights," including future occupancy, reversion, and the use of surface and air space?

A) Real
B) Tangible
C) Personal
D) Intangible

5. All of the following are considered valid monuments for the purpose of legally describing real property EXCEPT a

A) fence line.
B) corner of a recorded subdivision lot.
C) highway.
D) iron pin.

Solutions: