NEW JERSEY TITLE INSURANCE EXAM
NEW JERSEY TITLE INSURANCE EXAM
2025
When a licensed rating organization changes its list of members and subscribers, it must
notify the Commissioner: - Promptly
If the rates and charges for "personal or controlled insurance" from any one source is
issued in any one calendar year received by a title insurance company or by a title
insurance agent exceeds _______, or from all such sources exceeds ________ of the total
rates and charges received by the title insurance company or by such title insurance agent
for title insurance issued in the same year, the excess is deemed to be an unlawful rebate.
- 25%; 50%
The insured on the title policy the agent wrote is a person that owns 70% of the voting
stock of the title insurer. This policy is: - Personal or controlled insurance of the agent
The Commissioner approves rates that are: - Not inadequate for the safeness and
soundness of the insurer
A title insurer is domiciled in Massachusetts, and does business in Massachusetts, New
Jersey and Virginia. How much must it have on deposit for the security and protection of
its policyholders or beneficiaries under title policies according to the New Jersey Title
Insurance Act? - $200,000
If the Commissioner has reason to believe that any title insurance agent has violated and
is violating any of the provisions in the Title Insurance Act pertaining to the payment of
inducements, rebates or reduced fees, the Commissioner will then: - Examine the title
insurance agent's books of account and record and vouchers pertaining to the business of
title insurance.
NEW JERSEY TITLE INSURANCE EXAM
, NEW JERSEY TITLE INSURANCE EXAM
Unless an applicable endorsement has been filed and approved by the Commissioner, a
title insurer _____________ delete or insure over an exception to or exclusion from
coverage that is contained in forms of title insurance filed with the Commissioner. - may
not
Funds over and above minimum capital, other than the statutory premium reserve, may
be retained as cash on hand or on deposit in banks, or may be invested in any of the
following classes of investments, except: - Corporate stock or shares of any solvent
corporation incorporated under the laws of any country in the European Union
If a title insurance rating organization, title insurance company, or title insurance agent
fails to comply with an order of the Commissioner within the time limited by the order, or
any extension of the time limit, the Commissioner may: - Suspend the organization or
person's license
If the capital of a domestic title insurance company becomes impaired and the
impairment is not eliminated within ______________________ from its inception, the
company must give written notice to the Commissioner. - 30 days
The unearned portions of premiums due or received that are charged as a reserve liability
of the title insurance company in determining its financial condition is: - Statutory
premium reserve
A title insurance company may satisfy its obligations to make rate filings by becoming a
member of, or a subscriber to _______________________ which makes the filings on
behalf of its members, and by authorizing the Commissioner to accept the filings on its
behalf. - a licensed title insurance rating organization
In meeting the minimum capital requirements, the aggregate amount invested at any time
in the classes of investments allowed under the New Jersey Title Insurance Act may not,
without written approval of the Commissioner, exceed _________ of the sum of the
NEW JERSEY TITLE INSURANCE EXAM
NEW JERSEY TITLE INSURANCE EXAM
2025
When a licensed rating organization changes its list of members and subscribers, it must
notify the Commissioner: - Promptly
If the rates and charges for "personal or controlled insurance" from any one source is
issued in any one calendar year received by a title insurance company or by a title
insurance agent exceeds _______, or from all such sources exceeds ________ of the total
rates and charges received by the title insurance company or by such title insurance agent
for title insurance issued in the same year, the excess is deemed to be an unlawful rebate.
- 25%; 50%
The insured on the title policy the agent wrote is a person that owns 70% of the voting
stock of the title insurer. This policy is: - Personal or controlled insurance of the agent
The Commissioner approves rates that are: - Not inadequate for the safeness and
soundness of the insurer
A title insurer is domiciled in Massachusetts, and does business in Massachusetts, New
Jersey and Virginia. How much must it have on deposit for the security and protection of
its policyholders or beneficiaries under title policies according to the New Jersey Title
Insurance Act? - $200,000
If the Commissioner has reason to believe that any title insurance agent has violated and
is violating any of the provisions in the Title Insurance Act pertaining to the payment of
inducements, rebates or reduced fees, the Commissioner will then: - Examine the title
insurance agent's books of account and record and vouchers pertaining to the business of
title insurance.
NEW JERSEY TITLE INSURANCE EXAM
, NEW JERSEY TITLE INSURANCE EXAM
Unless an applicable endorsement has been filed and approved by the Commissioner, a
title insurer _____________ delete or insure over an exception to or exclusion from
coverage that is contained in forms of title insurance filed with the Commissioner. - may
not
Funds over and above minimum capital, other than the statutory premium reserve, may
be retained as cash on hand or on deposit in banks, or may be invested in any of the
following classes of investments, except: - Corporate stock or shares of any solvent
corporation incorporated under the laws of any country in the European Union
If a title insurance rating organization, title insurance company, or title insurance agent
fails to comply with an order of the Commissioner within the time limited by the order, or
any extension of the time limit, the Commissioner may: - Suspend the organization or
person's license
If the capital of a domestic title insurance company becomes impaired and the
impairment is not eliminated within ______________________ from its inception, the
company must give written notice to the Commissioner. - 30 days
The unearned portions of premiums due or received that are charged as a reserve liability
of the title insurance company in determining its financial condition is: - Statutory
premium reserve
A title insurance company may satisfy its obligations to make rate filings by becoming a
member of, or a subscriber to _______________________ which makes the filings on
behalf of its members, and by authorizing the Commissioner to accept the filings on its
behalf. - a licensed title insurance rating organization
In meeting the minimum capital requirements, the aggregate amount invested at any time
in the classes of investments allowed under the New Jersey Title Insurance Act may not,
without written approval of the Commissioner, exceed _________ of the sum of the
NEW JERSEY TITLE INSURANCE EXAM
