Missouri Title Insurance Producer License UPDATED
ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS
Question 1.
Mechanic Lien
ANSWER
6 months to file notice, followed by a 6 month period to enforce.
Question 2.
To file a mechanic lien they need:
ANSWER
-Name of owner
-Name & address for service of process
-Description of real property
-Reasonably itemized statement & amount of claim
Question 3.
Defamation
ANSWER
Making or publishing any false information or malicious criticism or derogatory remarks to
financial condition of any insurer or agent & which is calculated to injure said insurance is
prohibited.
Question 4.
Rebating
ANSWER
Knowingly permitting or offering to give any rebate of premiums or any other thing of value in
connection with the referral or placement of a title insurance referral is expressly prohibited.
, Question 5.
Unfair & deceptive practices are:
ANSWER
-Rebating
-Misrepresentation
-Defamation
-Unfair Discrimination
-Boycott & Coercion
Question 6.
Escrow funds are held in:
ANSWER
A non interest bearing account
Question 7.
Platted
ANSWER
A subdivision plat recorded survey with legal descriptions in a subdivision or condominium.
May be referenced to describe real property rather than using exact descriptions.
Question 8.
Unplatted
ANSWER
Any property that has not had a survey plat recorded. Will require a specific description to
effectively describe land conveyed or encumbered.
Question 9.
Meridian/State
ANSWER
-Position for any area, is largely historical & arbitrary
-Irregular in size
-Frequently follows state lines
-States were formed according to the areas covered by meridians.
ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS
Question 1.
Mechanic Lien
ANSWER
6 months to file notice, followed by a 6 month period to enforce.
Question 2.
To file a mechanic lien they need:
ANSWER
-Name of owner
-Name & address for service of process
-Description of real property
-Reasonably itemized statement & amount of claim
Question 3.
Defamation
ANSWER
Making or publishing any false information or malicious criticism or derogatory remarks to
financial condition of any insurer or agent & which is calculated to injure said insurance is
prohibited.
Question 4.
Rebating
ANSWER
Knowingly permitting or offering to give any rebate of premiums or any other thing of value in
connection with the referral or placement of a title insurance referral is expressly prohibited.
, Question 5.
Unfair & deceptive practices are:
ANSWER
-Rebating
-Misrepresentation
-Defamation
-Unfair Discrimination
-Boycott & Coercion
Question 6.
Escrow funds are held in:
ANSWER
A non interest bearing account
Question 7.
Platted
ANSWER
A subdivision plat recorded survey with legal descriptions in a subdivision or condominium.
May be referenced to describe real property rather than using exact descriptions.
Question 8.
Unplatted
ANSWER
Any property that has not had a survey plat recorded. Will require a specific description to
effectively describe land conveyed or encumbered.
Question 9.
Meridian/State
ANSWER
-Position for any area, is largely historical & arbitrary
-Irregular in size
-Frequently follows state lines
-States were formed according to the areas covered by meridians.
