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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: General Insurance Concepts | 3% | |
| Topic 2: Insurance Regulation | 12% | - Company regulation
|
| Topic 3: Title Exceptions and Procedures for Clearing Title | 21% | - General exceptions - Liens and encumbrances
|
| Topic 4: Title Insurance Principles | - Title insurance policies
|
A deed was properly completed and executed. Title to the property passed when the deed was
Correct Answer: D 🗳️
Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).
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
Correct Answer: C 🗳️
An agent who collects money from an insured and holds it for payment to the insurer is
Correct Answer: B 🗳️
Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).
Which of the following is excluded from coverage in the standard owner's policy?
Correct Answer: C 🗳️
Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).
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: D 🗳️
Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).
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