FLORIDA TITLE EXAM VERSION 2
QUESTIONS AND ANSWERS
Which=feature=distinguishes=title=insurance=from=most=other=insurance=types?=-=ans-
✔✔It=covers=past=events
What=is=the=insurer's=promise=in=an=indemnity=contract?=-=ans-
✔✔To=reimburse=for=covered=loss
Which=term=should=raise=concern=on=a=Florida=title=exam=question?=-=ans-
✔✔Warranty
If=a=title=defect=exists=but=causes=no=damages,=what=must=the=insurer=do?=-=ans-
✔✔Nothing
Which=element=is=required=for=indemnification?=-=ans-✔✔Actual=financial=loss
Title=insurance=coverage=begins=at=what=point?=-=ans-✔✔Policy=date
What=happens=if=a=loss=exceeds=the=policy=amount?=-=ans-
✔✔Payment=is=limited=to=the=policy=amount
Does=title=insurance=eliminate=risk?=-=ans-✔✔No
What=does=the=duty=to=defend=protect=against?=-=ans-
✔✔Legal=costs=from=covered=claims
Who=pays=defense=costs=under=a=title=policy?=-=ans-✔✔The=insurer
A=title=search=is=performed=to=discover=what?=-=ans-
✔✔Recorded=interests=affecting=title
Which=record=is=NOT=reviewed=in=a=title=examination?=-=ans-✔✔Private=contracts
What=is=a=break=in=chain=of=title=most=likely=caused=by?=-=ans-
✔✔A=missing=conveyance
A=deed=executed=by=someone=without=title=is=considered=what?=-=ans-✔✔Void
QUESTIONS AND ANSWERS
Which=feature=distinguishes=title=insurance=from=most=other=insurance=types?=-=ans-
✔✔It=covers=past=events
What=is=the=insurer's=promise=in=an=indemnity=contract?=-=ans-
✔✔To=reimburse=for=covered=loss
Which=term=should=raise=concern=on=a=Florida=title=exam=question?=-=ans-
✔✔Warranty
If=a=title=defect=exists=but=causes=no=damages,=what=must=the=insurer=do?=-=ans-
✔✔Nothing
Which=element=is=required=for=indemnification?=-=ans-✔✔Actual=financial=loss
Title=insurance=coverage=begins=at=what=point?=-=ans-✔✔Policy=date
What=happens=if=a=loss=exceeds=the=policy=amount?=-=ans-
✔✔Payment=is=limited=to=the=policy=amount
Does=title=insurance=eliminate=risk?=-=ans-✔✔No
What=does=the=duty=to=defend=protect=against?=-=ans-
✔✔Legal=costs=from=covered=claims
Who=pays=defense=costs=under=a=title=policy?=-=ans-✔✔The=insurer
A=title=search=is=performed=to=discover=what?=-=ans-
✔✔Recorded=interests=affecting=title
Which=record=is=NOT=reviewed=in=a=title=examination?=-=ans-✔✔Private=contracts
What=is=a=break=in=chain=of=title=most=likely=caused=by?=-=ans-
✔✔A=missing=conveyance
A=deed=executed=by=someone=without=title=is=considered=what?=-=ans-✔✔Void
