FLORIDA TITLE EXAM VERSION 2
QUESTIONS AND ANSWERS
Which-feature-distinguishes-title-insurance-from-most-other-insurance-types?---ans-✔✔It-
covers-past-events
What-is-the-insurer's-promise-in-an-indemnity-contract?---ans-✔✔To-reimburse-for-
covered-loss
Which-term-should-raise-concern-on-a-Florida-title-exam-question?---ans-✔✔Warranty
If-a-title-defect-exists-but-causes-no-damages,-what-must-the-insurer-do?---ans-
✔✔Nothing
Which-element-is-required-for-indemnification?---ans-✔✔Actual-financial-loss
Title-insurance-coverage-begins-at-what-point?---ans-✔✔Policy-date
What-happens-if-a-loss-exceeds-the-policy-amount?---ans-✔✔Payment-is-limited-to-the-
policy-amount
Does-title-insurance-eliminate-risk?---ans-✔✔No
What-does-the-duty-to-defend-protect-against?---ans-✔✔Legal-costs-from-covered-claims
Who-pays-defense-costs-under-a-title-policy?---ans-✔✔The-insurer
A-title-search-is-performed-to-discover-what?---ans-✔✔Recorded-interests-affecting-title
Which-record-is-NOT-reviewed-in-a-title-examination?---ans-✔✔Private-contracts
What-is-a-break-in-chain-of-title-most-likely-caused-by?---ans-✔✔A-missing-conveyance
A-deed-executed-by-someone-without-title-is-considered-what?---ans-✔✔Void
Which-title-condition-creates-reasonable-doubt?---ans-✔✔Unreleased-lien
Which-title-may-still-be-insured-with-exceptions?---ans-✔✔Unmarketable-title
QUESTIONS AND ANSWERS
Which-feature-distinguishes-title-insurance-from-most-other-insurance-types?---ans-✔✔It-
covers-past-events
What-is-the-insurer's-promise-in-an-indemnity-contract?---ans-✔✔To-reimburse-for-
covered-loss
Which-term-should-raise-concern-on-a-Florida-title-exam-question?---ans-✔✔Warranty
If-a-title-defect-exists-but-causes-no-damages,-what-must-the-insurer-do?---ans-
✔✔Nothing
Which-element-is-required-for-indemnification?---ans-✔✔Actual-financial-loss
Title-insurance-coverage-begins-at-what-point?---ans-✔✔Policy-date
What-happens-if-a-loss-exceeds-the-policy-amount?---ans-✔✔Payment-is-limited-to-the-
policy-amount
Does-title-insurance-eliminate-risk?---ans-✔✔No
What-does-the-duty-to-defend-protect-against?---ans-✔✔Legal-costs-from-covered-claims
Who-pays-defense-costs-under-a-title-policy?---ans-✔✔The-insurer
A-title-search-is-performed-to-discover-what?---ans-✔✔Recorded-interests-affecting-title
Which-record-is-NOT-reviewed-in-a-title-examination?---ans-✔✔Private-contracts
What-is-a-break-in-chain-of-title-most-likely-caused-by?---ans-✔✔A-missing-conveyance
A-deed-executed-by-someone-without-title-is-considered-what?---ans-✔✔Void
Which-title-condition-creates-reasonable-doubt?---ans-✔✔Unreleased-lien
Which-title-may-still-be-insured-with-exceptions?---ans-✔✔Unmarketable-title
