10/30/25, 5:52 AM MD Title Insurance Producer License Questions with Correct Answers 100% Solved Flashcards | Quizlet
MD Title Insurance Producer License Questions
with Correct Answers 100% Solved
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Can be altered for the death of the individual whom it was established.
Grantor retains ownership and a protection of creditors does not exists.
Choose an answer
1 Revocable/Living Trust 2 Quasi-Contract
3 Producer 4 Standard Coverage Policy
Don't know?
Terms in this set (66)
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, 10/30/25, 5:52 AM MD Title Insurance Producer License Questions with Correct Answers 100% Solved Flashcards | Quizlet
A contract this is implied by law and a way for courts
Quasi-Contract to correct or remedy a situation and to prevent unjust
enrichment.
1. An incomplete and uncertain contract based on
vague terms --- which may be void
Void for Vagueness
2. If a determination is not reached, the courts may
void the contract or severe the terms.
- Contracts that cannot be performed in one year
- Contracts for the sale of real estate, real property, or
Statue of Frauds Includes: land.
- Contracts for the sale of goods that are above a
certain price
A contractual obligation that protects against losses
that occur when title to a property is not free and
Title Insurance
clear or defects --- a one time fee payable at the time
of closing
Insures primarily against defects in title which are
discoverable through an examination of the public
Standard Coverage Policy
record --- includes defects in title or recorded liens or
encumbrances.
Same insurance as the standard policy --- also insures
against defects, liens, encumbrances, easements, and
Extended Coverage Policy
encroachments and conflicts in boundary lines that
are not reflected in public records
Insures a house, contents, and may provide coverage
for losses due to fire or lighting, theft, vandalism, and
Homeowners Insurance
personal liability claims. ---- Billed monthly, quarterly,
or annually.
https://quizlet.com/1100912305/md-title-insurance-producer-license-questions-with-correct-answers-100-solved-flash-cards/?new 2/9
MD Title Insurance Producer License Questions
with Correct Answers 100% Solved
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Can be altered for the death of the individual whom it was established.
Grantor retains ownership and a protection of creditors does not exists.
Choose an answer
1 Revocable/Living Trust 2 Quasi-Contract
3 Producer 4 Standard Coverage Policy
Don't know?
Terms in this set (66)
https://quizlet.com/1100912305/md-title-insurance-producer-license-questions-with-correct-answers-100-solved-flash-cards/?new 1/9
, 10/30/25, 5:52 AM MD Title Insurance Producer License Questions with Correct Answers 100% Solved Flashcards | Quizlet
A contract this is implied by law and a way for courts
Quasi-Contract to correct or remedy a situation and to prevent unjust
enrichment.
1. An incomplete and uncertain contract based on
vague terms --- which may be void
Void for Vagueness
2. If a determination is not reached, the courts may
void the contract or severe the terms.
- Contracts that cannot be performed in one year
- Contracts for the sale of real estate, real property, or
Statue of Frauds Includes: land.
- Contracts for the sale of goods that are above a
certain price
A contractual obligation that protects against losses
that occur when title to a property is not free and
Title Insurance
clear or defects --- a one time fee payable at the time
of closing
Insures primarily against defects in title which are
discoverable through an examination of the public
Standard Coverage Policy
record --- includes defects in title or recorded liens or
encumbrances.
Same insurance as the standard policy --- also insures
against defects, liens, encumbrances, easements, and
Extended Coverage Policy
encroachments and conflicts in boundary lines that
are not reflected in public records
Insures a house, contents, and may provide coverage
for losses due to fire or lighting, theft, vandalism, and
Homeowners Insurance
personal liability claims. ---- Billed monthly, quarterly,
or annually.
https://quizlet.com/1100912305/md-title-insurance-producer-license-questions-with-correct-answers-100-solved-flash-cards/?new 2/9
