Kansas title insurance practice test
UPDATED Study Guide QUESTIONSAND
CORRECT ANSWSER
The Title Commitment is also called a - CORRECT ANSWERS Binder
Title Policy insures against - CORRECT ANSWERS Title Defects,
Liens, Unmarketability
Commitment / policy schedule B exceptions are - CORRECT ANSWERS
List of title defects
Shown in the Title Commitment
Shown in Title Policy
Who is authorized to make rules and regulations regarding the business of
insurance in the State of Kansas? - CORRECT ANSWERS The
Commissioner of Insurance
Who is authorized to supervise the organization or reorganization of insurance
companies under the laws of the state? - CORRECT ANSWERS The
Commissioner of Insurance
Prior to issuing a certificate of authority to an insurance company the
commissioner of insurance must ( KSA 40-208) - CORRECT ANSWERS
Examine of company books
The commissioner of insurance will conduct a financial examination of all
insurance companies in this state every... - CORRECT ANSWERS 5
Years
, The commissioner of insurance shall have the power to examine any agent or
non resident agent or company - CORRECT ANSWERS The
commissioner believes that any law / regulations have been violated
In a hearing by the commissioner on any matter relating to title insurance the
commissioner has the authority to - CORRECT ANSWERS Subpoena
witnesses, books records and other documents.
If the commissioner believes that a person has engaged in any unfair method of
competition or unfair or deceptive act the commissioner can - CORRECT
ANSWERS Issue a statement of charges and conduct a hearing.
If a person is found to have violated any provision of the Kansas insurance
statutes or rules or regulations the commissioner can order - CORRECT
ANSWERS A penalty of $1000 for each violation unless such person
knew they were in violation of the laws, in which case the fine is $2000 for each
violation.
If an applicant for the title insurance test fails the examination they must wait
how long before retaking the test? - CORRECT ANSWERS 7 days
A company certification of a resident title insurance agent must be made by -
CORRECT ANSWERS An authorized representative of the company
The examination of a title insurance license may be waived - CORRECT
ANSWERS In certain cases
such as - any full time student enrolled in high school who participates in an
insurance project sponsored by a junior achievement program
The commissioner may waive a licensing examination for an applicant who -
CORRECT ANSWERS is currently licensed for title insurance in an
other state
UPDATED Study Guide QUESTIONSAND
CORRECT ANSWSER
The Title Commitment is also called a - CORRECT ANSWERS Binder
Title Policy insures against - CORRECT ANSWERS Title Defects,
Liens, Unmarketability
Commitment / policy schedule B exceptions are - CORRECT ANSWERS
List of title defects
Shown in the Title Commitment
Shown in Title Policy
Who is authorized to make rules and regulations regarding the business of
insurance in the State of Kansas? - CORRECT ANSWERS The
Commissioner of Insurance
Who is authorized to supervise the organization or reorganization of insurance
companies under the laws of the state? - CORRECT ANSWERS The
Commissioner of Insurance
Prior to issuing a certificate of authority to an insurance company the
commissioner of insurance must ( KSA 40-208) - CORRECT ANSWERS
Examine of company books
The commissioner of insurance will conduct a financial examination of all
insurance companies in this state every... - CORRECT ANSWERS 5
Years
, The commissioner of insurance shall have the power to examine any agent or
non resident agent or company - CORRECT ANSWERS The
commissioner believes that any law / regulations have been violated
In a hearing by the commissioner on any matter relating to title insurance the
commissioner has the authority to - CORRECT ANSWERS Subpoena
witnesses, books records and other documents.
If the commissioner believes that a person has engaged in any unfair method of
competition or unfair or deceptive act the commissioner can - CORRECT
ANSWERS Issue a statement of charges and conduct a hearing.
If a person is found to have violated any provision of the Kansas insurance
statutes or rules or regulations the commissioner can order - CORRECT
ANSWERS A penalty of $1000 for each violation unless such person
knew they were in violation of the laws, in which case the fine is $2000 for each
violation.
If an applicant for the title insurance test fails the examination they must wait
how long before retaking the test? - CORRECT ANSWERS 7 days
A company certification of a resident title insurance agent must be made by -
CORRECT ANSWERS An authorized representative of the company
The examination of a title insurance license may be waived - CORRECT
ANSWERS In certain cases
such as - any full time student enrolled in high school who participates in an
insurance project sponsored by a junior achievement program
The commissioner may waive a licensing examination for an applicant who -
CORRECT ANSWERS is currently licensed for title insurance in an
other state
