TITLE INSURANCE FINAL PAPER UPDATED
COMPLETE QUESTIONS AND CORRECT
ANSWERS BUNDLED REVIEW GUIDE
●● how is the premium for title insurance paid
Answer: a one time payment
●● who funds the insurance guarantee association
Answer: assessment on member companies
●● who may file a title insurance policy
Answer: the insured, his heirs, and distributees
●● twisting is
Answer: an incomplete comparison between two policies,
misrepresenting the terms of a policy in order to induce the policy holder
to forfeit or convert a policy
●● easements may be granted for
Answer: a sewer line, a road, and a driveway
●● a lawyer (attorney) may not
, Answer: make settlement
●● what is a fee policy
Answer: an owners policy
●● upon a report of unfair business practices by a title insurance
company, the state insurance commission may
Answer: issue a cease and desist order
●● subrogation
Answer: the ability of a title company to seek compensation from a
negligent third party on a loss claim is called
●● when does a loan policy terminate
Answer: when the loan is satisfied
●● a title examiners license may be revoked for
Answer: a felony of moral turpitude
●● a title examiner's license must be
Answer: posted in the office where issued
●● abstract
COMPLETE QUESTIONS AND CORRECT
ANSWERS BUNDLED REVIEW GUIDE
●● how is the premium for title insurance paid
Answer: a one time payment
●● who funds the insurance guarantee association
Answer: assessment on member companies
●● who may file a title insurance policy
Answer: the insured, his heirs, and distributees
●● twisting is
Answer: an incomplete comparison between two policies,
misrepresenting the terms of a policy in order to induce the policy holder
to forfeit or convert a policy
●● easements may be granted for
Answer: a sewer line, a road, and a driveway
●● a lawyer (attorney) may not
, Answer: make settlement
●● what is a fee policy
Answer: an owners policy
●● upon a report of unfair business practices by a title insurance
company, the state insurance commission may
Answer: issue a cease and desist order
●● subrogation
Answer: the ability of a title company to seek compensation from a
negligent third party on a loss claim is called
●● when does a loan policy terminate
Answer: when the loan is satisfied
●● a title examiners license may be revoked for
Answer: a felony of moral turpitude
●● a title examiner's license must be
Answer: posted in the office where issued
●● abstract
