Exam (elaborations)
Alabama Title Insurance Act (ATIA) Questions with 100% Correct Answers
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Alabama Title Insurance Act (ATIA)
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1 of 53Term
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.
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, D Title insurance agent
under investigation for or
title agent
charged with a violation.
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2 of 53
Term
Under ATIA after a title insurance agent license has been expired for
______ months, the personal shall reapply pursuant to section 27-25-4.1
to become licensed.
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24 12
30 3
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3 of 53
Term
Under ATIA, if a title insurer violates any of the provisions of an
injunction, the ____ shall bring an action in such a court to revoke the
corporate charter of the title insurer, if a domestic entity, or the
,license to conduct business in this state of the title insurer, if a
foreign or alien entity.
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commissioner bureau of insurance
consumer financial protection
attorney general
bureau
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4 of 53
Term
Under ATIA, the commissioner may stagger the renewal periods of
title insurance agents over the _______ following the effective date of
the Act.
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Title agent 20 classroom hours
First two calendar years One year
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, 5 of 53
Term
Under ATIA, the effective date of the policy is defined as the date
and time the instrument conveying the interest to be insured is ______,
unless the policy to be issued is insuring the interest of the proposed
insured by virtue of an instrument recorded in the real property
records prior to the time the request or order for title insurance is
placed.
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Signed Classified
Recorded Executed
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6 of 53
Term
Under ATIA, the examination for title agent licensure shall test the
knowledge of the individual concerning all of the following EXCEPT:
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Duties and responsibilities of a title
Title insurance
insurance agent
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