TIPIC EXAM 2025/26 QUESTIONS WITH
ACTUAL SOLUTIONS.
1 of 60
Term
A title insurance producer that willingly and knowingly
misappropriate trust money:
a.)is guilty of a felony
b.)is not criminally guilty of breaking the law
c.) is guilty of a misdemeanor and on conviction is subject to a
fine not exceeding $50,000 or imprisonment not exceeding 1
year or both
d.) is subject to a felony and subject to a $500 fine
Give this one a try later!
, c.) is guilty of a
misdemeanor and on a.) the lender may not charge
conviction is subject to a fine interest to the borrower for the first
not exceeding $50,000 or 30 days after closing
imprisonment not
exceeding 1 year or both
b.)an insurance company that is A.) The regulatory objectives of
incorporated and domiciled outside insurance rating are that rates shall
the State of Maryland, but in be adequate, not excessive, and
another state in the U.S. not unfairly discriminatory.
Don't know?
2 of 60
Term
The Maryland Affordable Housing Trust:
a.)is managed by the Department of Housing and Community
Development
b.)requires title companies to deposit funds into their MAHT account
when interest on deposits will be less than 50 dollars
c.) is a type of escrow account and permits commingling
d.)all of the above
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d.)all of the above d.) principal and agent
, D - All of The Above d.) the title producer is licensed
Don't know?
3 of 60
Term
Which of the following statements is with regards to rebating?
a.)rebating is the act of giving back to the insured money or some
other form of consideration for the purpose of inducing the person
to purchase insurance.
b.)rebating is illegal under Maryland insurance laws and laws
related to unfair practices.
c.) rebating is a form of unfair discrimination
d.)all of the above
Give this one a try later!
A.) The regulatory objectives of
insurance rating are that rates shall
be adequate, not excessive, and not d.) all of the above
unfairly discriminatory.
A.) Be at least 21 years of age D - All of The Above
Don't know?
4 of 60
, Term
Maryland is a RATE file and use state. This means:
a.)the insurer must wait to get permission to use the file rate.
b.)the insurer can file a rate and use it if the Commissioner
doesn't object within 30 days.
c.) rates are established by a rating organization
d.) rates are established by the commissioner
Give this one a try later!
A.)The regulatory objectives of
insurance rating are that rates shall a.) the insurer can file a rate
be adequate, not excessive, and not and use it if the
unfairly discriminatory. Commissioner doesn't object
within 30 days.
a.)the lender may not charge B.) Will accommodate 2
interest to the borrower for the documents and an addendum
first 30 days after closing can be used for the remaining
documents.
Don't know?
5 of 60
Term
The consumer is informed of the right to purchase an owner's title
insurance policy and its cost on what type of document?
a.)privacy notice
b.)statutory notice to buyer
ACTUAL SOLUTIONS.
1 of 60
Term
A title insurance producer that willingly and knowingly
misappropriate trust money:
a.)is guilty of a felony
b.)is not criminally guilty of breaking the law
c.) is guilty of a misdemeanor and on conviction is subject to a
fine not exceeding $50,000 or imprisonment not exceeding 1
year or both
d.) is subject to a felony and subject to a $500 fine
Give this one a try later!
, c.) is guilty of a
misdemeanor and on a.) the lender may not charge
conviction is subject to a fine interest to the borrower for the first
not exceeding $50,000 or 30 days after closing
imprisonment not
exceeding 1 year or both
b.)an insurance company that is A.) The regulatory objectives of
incorporated and domiciled outside insurance rating are that rates shall
the State of Maryland, but in be adequate, not excessive, and
another state in the U.S. not unfairly discriminatory.
Don't know?
2 of 60
Term
The Maryland Affordable Housing Trust:
a.)is managed by the Department of Housing and Community
Development
b.)requires title companies to deposit funds into their MAHT account
when interest on deposits will be less than 50 dollars
c.) is a type of escrow account and permits commingling
d.)all of the above
Give this one a try later!
d.)all of the above d.) principal and agent
, D - All of The Above d.) the title producer is licensed
Don't know?
3 of 60
Term
Which of the following statements is with regards to rebating?
a.)rebating is the act of giving back to the insured money or some
other form of consideration for the purpose of inducing the person
to purchase insurance.
b.)rebating is illegal under Maryland insurance laws and laws
related to unfair practices.
c.) rebating is a form of unfair discrimination
d.)all of the above
Give this one a try later!
A.) The regulatory objectives of
insurance rating are that rates shall
be adequate, not excessive, and not d.) all of the above
unfairly discriminatory.
A.) Be at least 21 years of age D - All of The Above
Don't know?
4 of 60
, Term
Maryland is a RATE file and use state. This means:
a.)the insurer must wait to get permission to use the file rate.
b.)the insurer can file a rate and use it if the Commissioner
doesn't object within 30 days.
c.) rates are established by a rating organization
d.) rates are established by the commissioner
Give this one a try later!
A.)The regulatory objectives of
insurance rating are that rates shall a.) the insurer can file a rate
be adequate, not excessive, and not and use it if the
unfairly discriminatory. Commissioner doesn't object
within 30 days.
a.)the lender may not charge B.) Will accommodate 2
interest to the borrower for the documents and an addendum
first 30 days after closing can be used for the remaining
documents.
Don't know?
5 of 60
Term
The consumer is informed of the right to purchase an owner's title
insurance policy and its cost on what type of document?
a.)privacy notice
b.)statutory notice to buyer
