Title Insurance Exam Questions and Answers 100% Correct
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Course
Title insurance
Institution
Title Insurance
Title Insurance Exam Questions and Answers 100% CorrectTitle Insurance Exam Questions and Answers 100% CorrectTitle Insurance Exam Questions and Answers 100% CorrectTitle Insurance Exam Questions and Answers 100% Correct
Which of the following statements is true?
A domestic company is one chart...
Title Insurance Exam Questions and
Answers 100% Correct
Which of the following statements is true?
A domestic company is one chartered in this country.
B. a foreign company is one chartered in another country
C. an alien company is one chartered in another state
D. a certificate of authority is used to companies authorized to transact business in the state -
ANSWER - D
Which of the following clauses would not be found in a title insurance contract?
A. A co insurance clause
B. A defeasance clause
C. A subrogation clause
D. An apportionment clause - ANSWER - A
The conditions in a Alta policy would require that the insured notify the company of a claim
within what period of time?
A. Promptly
B. Within 120 days
C. As soon as the judgment is filed
D. There is no such requirement - ANSWER - A
Under the terms of the Alta policy which of the following would a lender insured be able to do
that an owner insured could not?
A. File a claim for unmarketability of the title
B. Improve he property
C. Assist the company in defending a claim
, D. Assign the policy - ANSWER - D
Which of the following statements is not true?
A. A single insurance risk can include two or more policies on the same real property.
B. A single insurance risk does not include certain mortgage interest except in fee or leasehold
policies.
C. A single insurance risk can me the insured face amount of a title insurance policy.
D. A single insurance risk can include both real and personal property. - ANSWER - D
3. The statutory definition of title insurance includes which of the following
I. Guaranteeing the correctness of title searches
II. The guaranteed by the title company of the existence of amenities in connection with the
purchase of real property.
III. The Ensuring by a title company of the validity of a mortgage loan
A. I and II only
B. II and III only
C. I and III only
D. I, II and III - ANSWER - C
The statutory definition of title insurance includes which of the following
I. Guaranteeing the credit worthiness of the mortgagor
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