MARYLAND TITLE INSURANCE PRODUCER
(TIPIC) EXAM: 100 COMPREHENSIVE
QUESTIONS WITH CERTIFIED ANSWERS
Questions 1–10: Licensing & Regulatory Authority
1. What is the primary authority that regulates title insurance producers in
Maryland?
A) Maryland Department of Labor
B) Maryland Insurance Administration (MIA)
C) Maryland Attorney General's Office
D) Federal Insurance Office
Correct Answer: B
Rationale: The Maryland Insurance Administration, part of the Department of
Commerce, is the state agency that licenses, regulates, and enforces laws
governing title insurance producers.
2. What is the minimum age requirement for obtaining a Maryland title
insurance producer license?
A) 21 years old
B) 18 years old
C) 25 years old
D) No minimum age requirement
,Correct Answer: B
Rationale: The minimum age for a Maryland producer license is 18 years old.
3. Which of the following is NOT a prerequisite to become a title producer in
Maryland?
A) Be at least 21 years of age
B) Successfully pass an examination required by the Administration
C) Possess general fitness, competence, and reliability sufficient to satisfy the
Insurance Department
D) Pay all appropriate fees
Correct Answer: A
Rationale: The minimum age requirement is 18, not 21. The other options are
valid requirements.
4. How many continuing education (CE) hours are required for Maryland title
insurance producers every 2year renewal period?
A) 16 hours
B) 24 hours
C) 12 hours
D) 30 hours
Correct Answer: B
Rationale: Maryland requires 24 CE hours every 2year renewal period.
,5. How many of the required continuing education hours must relate directly
to ethics?
A) 1 hour
B) 2 hours
C) 3 hours
D) 5 hours
Correct Answer: C
Rationale: At least 3 hours of ethics are included within the 24 CE hours.
6. What is the initial application fee for a Maryland title insurance producer
license?
A) $25
B) $54
C) $69
D) $100
Correct Answer: B
Rationale: The initial application fee is $54; renewal application fee is $69.
7. A TIPIC is best defined as:
A) An employee of the title insurance company
B) An independent contractor who provides escrow, closing, or settlement
services on behalf of a TIP
C) A licensed real estate agent
D) A mortgage brokers
, Correct Answer: B
Rationale: A TIPIC is an independent contractor, including an attorney, who
provides on behalf of a TIP escrow, closing, or settlement services that may
result in the issuance of a title insurance contract.
8. Which of the following must a TIPIC be in order to witness documents?
A) A licensed attorney
B) A commissioned notary public
C) A real estate brokers
D) A certified public accountant
Correct Answer: B
Rationale: A TIPIC must be a commissioned notary in order to witness
documents.
9. Who is responsible for filing proper tax forms with the IRS when operating
as a TIPIC?
A) The title insurance company
B) The title insurance producer (TIP)
C) The TIPIC as an independent contractor
D) The Maryland Insurance Administration
Correct Answer: C
Rationale: As an independent contractor, the TIPIC is responsible for filing the
proper tax forms with the IRS.
(TIPIC) EXAM: 100 COMPREHENSIVE
QUESTIONS WITH CERTIFIED ANSWERS
Questions 1–10: Licensing & Regulatory Authority
1. What is the primary authority that regulates title insurance producers in
Maryland?
A) Maryland Department of Labor
B) Maryland Insurance Administration (MIA)
C) Maryland Attorney General's Office
D) Federal Insurance Office
Correct Answer: B
Rationale: The Maryland Insurance Administration, part of the Department of
Commerce, is the state agency that licenses, regulates, and enforces laws
governing title insurance producers.
2. What is the minimum age requirement for obtaining a Maryland title
insurance producer license?
A) 21 years old
B) 18 years old
C) 25 years old
D) No minimum age requirement
,Correct Answer: B
Rationale: The minimum age for a Maryland producer license is 18 years old.
3. Which of the following is NOT a prerequisite to become a title producer in
Maryland?
A) Be at least 21 years of age
B) Successfully pass an examination required by the Administration
C) Possess general fitness, competence, and reliability sufficient to satisfy the
Insurance Department
D) Pay all appropriate fees
Correct Answer: A
Rationale: The minimum age requirement is 18, not 21. The other options are
valid requirements.
4. How many continuing education (CE) hours are required for Maryland title
insurance producers every 2year renewal period?
A) 16 hours
B) 24 hours
C) 12 hours
D) 30 hours
Correct Answer: B
Rationale: Maryland requires 24 CE hours every 2year renewal period.
,5. How many of the required continuing education hours must relate directly
to ethics?
A) 1 hour
B) 2 hours
C) 3 hours
D) 5 hours
Correct Answer: C
Rationale: At least 3 hours of ethics are included within the 24 CE hours.
6. What is the initial application fee for a Maryland title insurance producer
license?
A) $25
B) $54
C) $69
D) $100
Correct Answer: B
Rationale: The initial application fee is $54; renewal application fee is $69.
7. A TIPIC is best defined as:
A) An employee of the title insurance company
B) An independent contractor who provides escrow, closing, or settlement
services on behalf of a TIP
C) A licensed real estate agent
D) A mortgage brokers
, Correct Answer: B
Rationale: A TIPIC is an independent contractor, including an attorney, who
provides on behalf of a TIP escrow, closing, or settlement services that may
result in the issuance of a title insurance contract.
8. Which of the following must a TIPIC be in order to witness documents?
A) A licensed attorney
B) A commissioned notary public
C) A real estate brokers
D) A certified public accountant
Correct Answer: B
Rationale: A TIPIC must be a commissioned notary in order to witness
documents.
9. Who is responsible for filing proper tax forms with the IRS when operating
as a TIPIC?
A) The title insurance company
B) The title insurance producer (TIP)
C) The TIPIC as an independent contractor
D) The Maryland Insurance Administration
Correct Answer: C
Rationale: As an independent contractor, the TIPIC is responsible for filing the
proper tax forms with the IRS.
