Exam (elaborations)
Insurance Licensing Exam Questions with 100% Correct Answers
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Title Insurance Licensing Exam Questions with 100% Correct Answers
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1 of 56Term
A township measures ___ square miles
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5 years 36
Infinite 3 years
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2 of 56
Term
Legal protection of an amount of equity for Owner of a primary
home regarding payment from the home's equity for debts &
Judgments that might result in the forced sale and loss of the family
home (primary residence) is called ____
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Leasehold Homestead Exemption
The Governor Alien Title Insurance Company
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3 of 56
Term
If there is an order for a person to cease and desist, the
commissioner may order a payment of monetary penalty of not
more than ____ dollars for each act of violation.
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, $2,995 $3,000
$10,000 50 hours
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4 of 56
Term
What is the statute of limitation for a Deed of Trust with a due date?
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Due date plus 15 years 15 years from the date of recording
Due date plus 30 years Due date plus 85 years
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5 of 56
Term
___ means a person authorized by a title insurance company to solicit
insurance or to collect premiums or to issue or countersign policies
on its behalf
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Alien Title Insurance Company Affiliate/ Subsidiary
Title Insurance Agent Controlled Business
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6 of 56
Term
How quickly does individual and insurance agency producers inform
the commissioner of an address change?
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Within 45 days Within 30 days
Within 30 days after First day of March
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