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

1. A deed was properly completed and executed. Title to the property passed when the deed was

A) accepted by the grantee.
B) acknowledged.
C) recorded.
D) signed.

2. A deed to a lot in Greenacre is recorded. Two parties who are NOT married to each other are named as grantees. The deed does NOT mention any form of tenancy. How do the grantees hold title to the lot?

A) as tenants at sufferance
B) as tenants by the entireties
C) as joint tenants
D) as tenants in common

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

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

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

5. A waiver is defined as the

A) intentional and voluntary giving up of a known right.
B) modification of a known right.
C) misrepresentation of a known right.
D) acceptance of terms of the policy.

Solutions: