FL TITLE INSURANCE EXAM
QUESTIONS ANSWERS
If-an-attorney-owns-a-separate-corporate-title-insurance-agency:
A.-The-attorney-myst-dissolve-his-or-her-law-practice
B.-The-title-agency-is-exempt-from-licensing-and-appointment
C.-The-title-agency-must-be-licensed-and-appointed-as-a-title-insurance-agent
D.-The-attorney-is-prohibited-from-working-directly-for-the-title-agency---ans-✔✔C.-The-
title-agency-must-be-licensed-and-appointed-as-a-title-insurance-agent
When-a-title-insurer-terminates-the-appointment-of-a-title-insurance-agent-by-direct-action,-
the-insurer-has-____-days-after-notice-of-termination-is-filed-with-the-Department-to-
provide-the-Department-with-a-statement-of-reasons-or-facts-relating-to-the-termination.
A.-10
B.-30
C.-45
D.-60---ans-✔✔A.-10-days
Which-statement-is-TRUE-regarding-title-agent-licensing?
A.-Everyone-working-in-the-title-insurance-industry-must-be-licensed
B.-Attorneys-admitted-to-practice-law-in-Florida-and-in-good-standing-with-the-Florida-Bar-
are-exempt-from-licensing-and-appointment-requirements
C.-Title-insurers-must-be-licensed-as-title-agents
D.-Title-agents-must-be-attorneys-in-good-standing-with-the-Florida-Bar---ans-✔✔B.-
Attorneys-admitted-to-practice-law-in-Florida-and-in-good-standing-with-the-Florida-Bar-are-
exempt-from-licensing-and-appointment-requirements
The-Department-may-investigate-applicant-qualifications,-residence,-and-prospective-
place-of-business,-and-any-other-matter-which-the-Department-considers-necessary-for-
applicants-for-license,-or-renewal-or-continuation-of-license.-In-addition,-upon-receipt-of-
application,-the-Department-may-also-investigate-all-of-the-following-with-respect-to-the-
Applicant-EXCEPT:
A.-Character-and-Fitness-for-Licensure
B.-Experience
C.-Background-
D.-Fitness-for-Jury-Duty---ans-✔✔D.-Fitness-for-Jury-Duty
The-statutory-definition-of-"Closing-Services"-does-NOT-include:
, A.-Preparing-documents-necessary-to-close-the-transaction
B.-Conducting-the-title-search
C.-Conducting-the-closing
D.-Handling-disbursement-of-funds-related-to-the-closing---ans-✔✔B.-Conducting-the-title-
search
F.S.-627.782(1)-states-that,-on-RESPA-related-transactions,-_____-attributable-to-
providing-a-primary-title-service-shall-be-paid-to-or-retained-by-any-person-who-does-not-
actually-perform-or-is-not-liable-for-the-performance-of-such-service.
A.-A-reduction-of-premium
B.-No-portion-of-premium
C.-The-full-portion-of-premium
D.-A-significant-portion-of-premium---ans-✔✔B.-No-portion-of-premium
To-qualify-for-licensure-based-on-experience,-a-title-agent-must-have-at-least-_____-of-
experience-in-responsible-title-insurance-duties,-under-the-supervision-of-a-licensed-title-
insurance-agent,-title-insurer,-or-attorney-while-working-in-the-title-insurance-business-as-
a-substantially-full-time,-bona-fide-employee-of-a-title-insurance-agency,-title-insurance-
agent,-title-insurer,-or-attorney-who-conducts-real-estate-closing-transactions-and-issues-
title-insurance-policies.---ans-✔✔12-months/1-year
Upon-notice-by-the-Department-to-the-licensee-of-a-suspension,-revocation,-refusal-to-
renew,-failure-to-renew,-or-expiration-of-a-license-or-appointment,-or-upon-termination-of-
the-agency-agreement-between-the-appointee-and-insurer:
A.-The-license-and-appointment-remain-in-effect-for-60-days
B.-The-license-and-appointment-remain-in-effect-until-the-last-title-policy-is-issued
C.-The-license-and-appointment-remain-in-effect-until-the-physical-license-is-returned-to-
the-Department
D.-The-license-and-appointment-are-no-longer-in-force-and-effect---ans-✔✔D.-The-license-
and-appointment-are-no-longer-in-force-and-effect
A-title-agency-that-does-NOT-perform-all,-or-substantially-all,-primary-title-services:
A.-Is-entitled-to-70%-of-premium
B.-Is-not-entitled-to-70%-of-premium
C.-Is-entitled-to-whatever-portion-of-premium-the-underwriter-wants-to-provide
D.-Is-not-entitled-to-70%-of-premium,-but-may-accept-that-amount,-if-offered-by-the-
underwriter,-without-fear-of-regulatory-audit---ans-✔✔B.-Is-not-entitled-to-70%-of-premium
A-person-who-knowingly-makes-a-false-or-fraudulent-application-for-license-or-
appointment-commits-a:
A.-Misdemeanor-of-the-first-degree
B.-Misdemeanor-of-the-second-degree
C.-First-degree-felony
D.-Second-degree-felony---ans-✔✔B.-Misdemeanor-of-the-second-degree
QUESTIONS ANSWERS
If-an-attorney-owns-a-separate-corporate-title-insurance-agency:
A.-The-attorney-myst-dissolve-his-or-her-law-practice
B.-The-title-agency-is-exempt-from-licensing-and-appointment
C.-The-title-agency-must-be-licensed-and-appointed-as-a-title-insurance-agent
D.-The-attorney-is-prohibited-from-working-directly-for-the-title-agency---ans-✔✔C.-The-
title-agency-must-be-licensed-and-appointed-as-a-title-insurance-agent
When-a-title-insurer-terminates-the-appointment-of-a-title-insurance-agent-by-direct-action,-
the-insurer-has-____-days-after-notice-of-termination-is-filed-with-the-Department-to-
provide-the-Department-with-a-statement-of-reasons-or-facts-relating-to-the-termination.
A.-10
B.-30
C.-45
D.-60---ans-✔✔A.-10-days
Which-statement-is-TRUE-regarding-title-agent-licensing?
A.-Everyone-working-in-the-title-insurance-industry-must-be-licensed
B.-Attorneys-admitted-to-practice-law-in-Florida-and-in-good-standing-with-the-Florida-Bar-
are-exempt-from-licensing-and-appointment-requirements
C.-Title-insurers-must-be-licensed-as-title-agents
D.-Title-agents-must-be-attorneys-in-good-standing-with-the-Florida-Bar---ans-✔✔B.-
Attorneys-admitted-to-practice-law-in-Florida-and-in-good-standing-with-the-Florida-Bar-are-
exempt-from-licensing-and-appointment-requirements
The-Department-may-investigate-applicant-qualifications,-residence,-and-prospective-
place-of-business,-and-any-other-matter-which-the-Department-considers-necessary-for-
applicants-for-license,-or-renewal-or-continuation-of-license.-In-addition,-upon-receipt-of-
application,-the-Department-may-also-investigate-all-of-the-following-with-respect-to-the-
Applicant-EXCEPT:
A.-Character-and-Fitness-for-Licensure
B.-Experience
C.-Background-
D.-Fitness-for-Jury-Duty---ans-✔✔D.-Fitness-for-Jury-Duty
The-statutory-definition-of-"Closing-Services"-does-NOT-include:
, A.-Preparing-documents-necessary-to-close-the-transaction
B.-Conducting-the-title-search
C.-Conducting-the-closing
D.-Handling-disbursement-of-funds-related-to-the-closing---ans-✔✔B.-Conducting-the-title-
search
F.S.-627.782(1)-states-that,-on-RESPA-related-transactions,-_____-attributable-to-
providing-a-primary-title-service-shall-be-paid-to-or-retained-by-any-person-who-does-not-
actually-perform-or-is-not-liable-for-the-performance-of-such-service.
A.-A-reduction-of-premium
B.-No-portion-of-premium
C.-The-full-portion-of-premium
D.-A-significant-portion-of-premium---ans-✔✔B.-No-portion-of-premium
To-qualify-for-licensure-based-on-experience,-a-title-agent-must-have-at-least-_____-of-
experience-in-responsible-title-insurance-duties,-under-the-supervision-of-a-licensed-title-
insurance-agent,-title-insurer,-or-attorney-while-working-in-the-title-insurance-business-as-
a-substantially-full-time,-bona-fide-employee-of-a-title-insurance-agency,-title-insurance-
agent,-title-insurer,-or-attorney-who-conducts-real-estate-closing-transactions-and-issues-
title-insurance-policies.---ans-✔✔12-months/1-year
Upon-notice-by-the-Department-to-the-licensee-of-a-suspension,-revocation,-refusal-to-
renew,-failure-to-renew,-or-expiration-of-a-license-or-appointment,-or-upon-termination-of-
the-agency-agreement-between-the-appointee-and-insurer:
A.-The-license-and-appointment-remain-in-effect-for-60-days
B.-The-license-and-appointment-remain-in-effect-until-the-last-title-policy-is-issued
C.-The-license-and-appointment-remain-in-effect-until-the-physical-license-is-returned-to-
the-Department
D.-The-license-and-appointment-are-no-longer-in-force-and-effect---ans-✔✔D.-The-license-
and-appointment-are-no-longer-in-force-and-effect
A-title-agency-that-does-NOT-perform-all,-or-substantially-all,-primary-title-services:
A.-Is-entitled-to-70%-of-premium
B.-Is-not-entitled-to-70%-of-premium
C.-Is-entitled-to-whatever-portion-of-premium-the-underwriter-wants-to-provide
D.-Is-not-entitled-to-70%-of-premium,-but-may-accept-that-amount,-if-offered-by-the-
underwriter,-without-fear-of-regulatory-audit---ans-✔✔B.-Is-not-entitled-to-70%-of-premium
A-person-who-knowingly-makes-a-false-or-fraudulent-application-for-license-or-
appointment-commits-a:
A.-Misdemeanor-of-the-first-degree
B.-Misdemeanor-of-the-second-degree
C.-First-degree-felony
D.-Second-degree-felony---ans-✔✔B.-Misdemeanor-of-the-second-degree
