MARYLAND TITLE INSURANCE PRODUCER QUESTIONS WITH 100% ACCURATE ANSWERS

MARYLAND TITLE INSURANCE PRODUCER QUESTIONS
WITH 100% ACCURATE ANSWERS.


1) Title insurance producer independent contractor means a person is all of these
t t t t t t t t t t t t




except:
A. Is licensed to act as a title insurance producer.
t t t t t t t t




B. Is distinguished from another business, occupation, or person.
t t t t t t t




C. Provides escrow , closing, or settlement services that may result in issuance t t t t t t t t t t t t




of a title insurance contract as an independent contractor for, or on behalf of
t t t t t t t t t t t t t




, a license and appointed title insurance producer.
t t t t t t t t




D. Is not an employee of or associated with, the licensed and appointed title
t t t t t t t t t t t t t




insurance producer. -- Correct Answer ✔✔ B. Is distinguished from another t t t t t t t t t t




business, occupation, or person.
t t t t




2) Title insurance producers may not convert or misappropriate funds held in escrow
t t t t t t t t t t t t




or trust while:
t t




A. Soliciting, procuring, or negotiations title insurance contracts. t t t t t t




B. Performing escrow, closing, and settlement services. t t t t t




C. A title insurer t t




D. A and B t t




E. B and C t t t




F. C and A t t




G. All of the above. -- Correct Answer ✔✔ D. A and B
t t t t t t t t t t t




3) A bond or letter of credit required in addition to meeting any applicable
t t t t t t t t t t t t t t




requirements for a license to act as and insurance producer under this subtitle, a
t t t t t t t t t t t t t t




sole proprietor, a limited liability company, a partnership, or a corporate applicant
t t t t t t t t t t t t




for a license as a title insurance producer shall file with commissioner:
t t t t t t t t t t t




A. A blanket fidelity bond covering appropriate employees and title insurance
t t t t t t t t t t




producer independent contractors. t t




B. Notary commission. t