Title insurance producer Study guides, Class notes & Summaries

Missouri Title Producer Exam Title Insurance Terms; 100% Solved Title Insurance Correct answer-Insured statement of the condition of title or ownership of real property. One-time only premium. Named insured and heirs protected against title defects, liens and encumbrances as of the date of policy. Commitment/Binder Correct answer-A binding contract with a title company to issue a specific title policy, showing only those exceptions contained in the commitment and any intervening matt...

1. If a party uses a fictitious or different name than its business name, it must be approved by the a. Maryland Insurance Administration b. National Association of Insurance Commissioners c. Maryland Land Title Association d. American Land Title Association - Answer a. Maryland Insurance Administration 2. When there is termination of the appointment by a title insurer, the insurer must update the producer register within how many days. a. 15 days b. 30 days c. 45 days d. 60 days - An...

NJ Title Insurance Producer Final Exam Set with Q&A "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their original interest and the balance going to A's estate. C) B holds fee simple ownership to A's share of the property D) B holds a life estate ownership to A's share of the property - CORRECT ANSWER-B) ...

Missouri Title Producer Exam Title Insurance Laws and Regulations; Questions and Answers 100% Solved Premium tax Correct answer-A type of indirect tax levied on general insurance premiums. Cashiers Check Correct answer-A check drawn on a financial institution. Certified funds Correct answer-A form of payment that is guaranteed to clear or settle by the company certifying the funds. Director Correct answer-The director of the department of insurance, financial and professional regulatio...

ISO Insurance Service Office To be licensed as a insurance producer in this state an individual must meet the following minimum qualifications: be at least 18 years old; Be of good moral character; have not been convicted of any felony or crime for the last 10 years that can be a ground for denial,suspension, or revocation of a license; Pass the required license examination; Pay the license fee of $25.00 Agency license must contain the licensee's name, address, personal identification numb...

MD Title Insurance producer questions with Solutions

NJ Title Insurance Producer Final Exam Set with Q&A "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their original interest and the balance going to A's estate. C) B holds fee simple ownership to A's share of the property D) B holds a life estate ownership to A's share of the property - CORRECT ANSWER-B) ...

Mechanic Lien - 6 months to file notice, followed by a 6 month period to enforce. To file a mechanic lien they need: - -Name of owner -Name & address for service of process -Description of real property -Reasonably itemized statement & amount of claim Defamation - Making or publishing any false information or malicious criticism or derogatory remarks to financial condition of any insurer or agent & which is calculated to injure said insurance is prohibited. Rebating - Knowingly permitt...

Missouri Title Producer Exam Title Insurance Terms | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | With Expert Solutions

Missouri Title Producer Exam Title Insurance Laws and Regulations | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | With Expert Solutions