100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Alabama Title Insurance Act (ATIA) Exam Questions and Answers 100% Correct $11.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. Alabama Title Insurance Act
  4.  
  5. Alabama Title Insurance Act

Exam (elaborations)

Alabama Title Insurance Act (ATIA) Exam Questions and Answers 100% Correct
 0 purchase
  • Course
  • Alabama Title Insurance Act
  • Institution
  • Alabama Title Insurance Act

Alabama Title Insurance Act (ATIA) Exam Questions and Answers 100% CorrectAlabama Title Insurance Act (ATIA) Exam Questions and Answers 100% CorrectAlabama Title Insurance Act (ATIA) Exam Questions and Answers 100% CorrectAlabama Title Insurance Act (ATIA) Exam Questions and Answers 100% Correct U...

[Show more]

Preview 2 out of 12  pages

Document information

  • August 21, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • alabama title insurance act atia exam questions
  • under the alabama title insurance act no title i

Written for

  • Alabama Title Insurance Act
  • Alabama Title Insurance Act

Seller

avatar-seller
NursingTutor1

Reviews received

Content preview

Alabama Title Insurance Act (ATIA) Exam
Questions and Answers 100% Correct
Under the Alabama Title Insurance Act, no title insurer shall pay, directly or indirectly, any portion
of a fine imposed on any ____________ of the title insurer. - ANSWER - agent


Under the ATIA, the commissioner shall retain the authority to enforce the provisions of and
impose any penalty or remedy authorized by the ATIA or elsewhere in Title 27 against any
person who is ________ of the act or title 27 even if the person's license or registration has
been surrendered or has expired by operation of law. - ANSWER - under investigation for or
charged with a violation.


Under ATIA, if from any examination of a title insurer, the commissioner finds that a title insurer
is violating any of the provisions of Section 34-3-7, the commissioner shall so certify his or her
findings in writing to the ________, who shall forthwith bring an action in a court of competent
jurisdiction in the state of Alabama to permanently enjoin the commission of such acts by the
title insurer. - ANSWER - Attorney General


Under the ATIA, an individual who has taken and failed to pass two title insurance agent
examinations may not retake the exam until after the expiration of ___ months from the date of
the last examination which the individual failed to pass. - ANSWER - 3


Under the ATIA, before approving the application for a title insurance agent license, the
commissioner shall find that the individual is at least 19 years of age and is a bona fide resident
and citizen of Alabama a full-time employee of a duly licensed _________ whose principal place
of business is physically located in Alabama. - ANSWER - Title insurance agent


Under ATIA, a notice of availability of owner's title insurance must contain the address or legal
description of the property, along with the disclosure of the availability of such insurance and the
title insurance premium. Which of the following is NOT required by the Act as to such written
notice?


a) The date the notice is executed by the purchaser


b) Space for the purchaser to order a simultaneous-issue loan policy

, c) Space for the purchaser to either acquire or decline owner's coverage


d) Signature of the purchaser or purchasers - ANSWER - b) Space for the purchaser to order a
simultaneous-issue loan policy


Under ATIA, an individual who holds a title insurance agent license shall satisfactorily complete
a minimum of ______ hours of continuing education courses approved by and reported to the
commissioner on a biennial basis in conjunction with the license renewal cycle. - ANSWER - 24


Under ATIA, a title insurance agent must inform the commissioner of a change in legal name or
address within ________ days of the change in a manner prescribed by the commissioner. -
ANSWER - 30


Under ATIA, the commissioner may in his or her discretion and upon good cause shown, revoke
the license issued to a: - ANSWER - Title insurer


Under ATIA, a failure by the title insurance agent to timely inform the commissioner of a change
in legal name or address shall result in a penalty of ____. If the penalty is not paid within 30
days after notice of the penalty assessment, the license shall be suspended until the penalty is
paid. - ANSWER - $50.00


Under ATIA, the commissioner may place on probation, suspend, revoke, or refuse to issue or
renew the license of a title insurance agent or may levy civil penalty pursuant to subsection (d)
of the Act, or any combination of these actions, for any one or more of the following causes
EXCEPT:


a) Improperly withholding, misappropriating, or converting any monies or properties received in
the course of acting as a title insurance agent


b) Requiring two attempts to successfully pass the title insurance agent examination within 12
months from date of compliance of the title insurance agent pre-licensing course


c) Intentionally misrepresenting the terms of an actual title insurance contract

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller NursingTutor1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67479 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$11.49
  • (0)
Add to cart
Added