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| Section | Weight | Objectives |
|---|---|---|
| Insurance Regulation | 25% | - Unfair trade practices and ethics - Licensing requirements and procedures - Pennsylvania insurance statutes and regulations |
| General Insurance Concepts | 15% | - Risk and indemnity - Basic insurance principles - Contract law fundamentals |
| Real Property Law | 25% | - Liens, encumbrances, and easements - Property rights and interests - Conveyance and recording statutes |
| Real Estate Transactions & Settlement | 10% | - Disbursement and record-keeping - Escrow and closing procedures - Policy issuance and delivery |
| Title Insurance Principles | 25% | - Exceptions and risk elimination - Title search and examination procedures - Title commitments and policy forms - Purpose and function of title insurance |
An insurer fails to promptly provide a reasonable explanation for the denial of a claim as a general business practice. This is considered to be
Correct Answer: C 🗳️
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A real estate interest that passes at death by operation of law to the surviving title holder is known as
Correct Answer: D 🗳️
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A manufactured home can be insured if
Correct Answer: A 🗳️
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In 1990, Eddie granted to Bob an easement to cross Eddie's land to reach some hunting grounds off the highway. The easement was depicted on a plat of survey recorded in the county land records. In 1995, Bob stopped hunting and has not used the easement since. Bob never intends to go back there again. How can Eddie get rid of the easement that crosses his property, so that Eddie can sell the land free of the easement?
Correct Answer: B 🗳️
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A chain of title is best described as
Correct Answer: A 🗳️
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