TIPIC EXAM QUESTIONS WITH 100% VERIFIED
CORRECT ANSWERS
Giving something of value in exchange to an insured to induce the purchase of an insurance policy is:
a.) fraud
b.) negligence
c.) rebating
d.) commingling - Correct Answer rebating
The blocked person's list of specially designated nationals is maintained by:
a.) HUD
b.) FDIC
c.) Department of Treasury
d.) CFPB - Correct Answer C - Department of Treasury
Pursuant to Maryland anti-rebating statue, the following items
cannot be given to a client as inducement for business:
a.) home warranty
b.) legal services
c.) uber rides
d.) all of the above - Correct Answer D - All of The Above
Permissible promotional items used in marketing title insurance services include:
a.) pens
b.) calendars
c.) mugs
d.) all of the above - Correct Answer D - All of The Above
, The loan estimate form must be given to consumers:
a.) At least 5 days after submitting a loan application
b.) At least 4 days after submitting a loan application
c.) At least 3 days after submitting a loan application
d.) At lease 2 days after submitting a loan application - Correct Answer C - At Least 3 Days After
Submitting a Loan Application
A producer may not knowingly offer, promise, or give any valuable consideration not specified in the
policy, except for education materials, promotional materials, or articles of merchandise that cost no
more than ____ regardless of whether a policy is purchased.
a.) $25
b.) $30
c.) $40
d.) $50 - Correct Answer D - $50
Which pre-requisite is not required to become a title producer?
a.) Be at least 21 years of age
b.) Successfully pass an examination required by the Administration.
c.) Must possess the general fitness, competence and reliability sufficient to satisfy the Insurance
Department that the applicant is worthy of being licensed.
d.) Pay all appropriate fees - Correct Answer A.) Be at least 21 years of age
The closing disclosure must be delivered:
a.) 3 business days before settlement
b.) 3 business days before disbursement
c.) 3 business days before application
d.) None of the above - Correct Answer A - 3 business days before settlement
CORRECT ANSWERS
Giving something of value in exchange to an insured to induce the purchase of an insurance policy is:
a.) fraud
b.) negligence
c.) rebating
d.) commingling - Correct Answer rebating
The blocked person's list of specially designated nationals is maintained by:
a.) HUD
b.) FDIC
c.) Department of Treasury
d.) CFPB - Correct Answer C - Department of Treasury
Pursuant to Maryland anti-rebating statue, the following items
cannot be given to a client as inducement for business:
a.) home warranty
b.) legal services
c.) uber rides
d.) all of the above - Correct Answer D - All of The Above
Permissible promotional items used in marketing title insurance services include:
a.) pens
b.) calendars
c.) mugs
d.) all of the above - Correct Answer D - All of The Above
, The loan estimate form must be given to consumers:
a.) At least 5 days after submitting a loan application
b.) At least 4 days after submitting a loan application
c.) At least 3 days after submitting a loan application
d.) At lease 2 days after submitting a loan application - Correct Answer C - At Least 3 Days After
Submitting a Loan Application
A producer may not knowingly offer, promise, or give any valuable consideration not specified in the
policy, except for education materials, promotional materials, or articles of merchandise that cost no
more than ____ regardless of whether a policy is purchased.
a.) $25
b.) $30
c.) $40
d.) $50 - Correct Answer D - $50
Which pre-requisite is not required to become a title producer?
a.) Be at least 21 years of age
b.) Successfully pass an examination required by the Administration.
c.) Must possess the general fitness, competence and reliability sufficient to satisfy the Insurance
Department that the applicant is worthy of being licensed.
d.) Pay all appropriate fees - Correct Answer A.) Be at least 21 years of age
The closing disclosure must be delivered:
a.) 3 business days before settlement
b.) 3 business days before disbursement
c.) 3 business days before application
d.) None of the above - Correct Answer A - 3 business days before settlement
