©EVERLY 2025 ALL RIGHTS RESERVED
Colorado Licensing Study Guide Exam
Questions And Answers 100% Pass
Applicant - ANS Prospective Insured
Business of Title Insurance - ANS a. Solicitation
b. Negotiation
c. Execution
Solicitation - ANS Selling & representing of the insurance product (commitment/Policies)
Negotiation - ANS Takes place prior to the issuance of policy, examples: closing settlement
services, calculating fees.
Execution - ANS When policy is issued commitment is executed.
Closing & Settlement Services - ANS Services to borrowers, sellers, lenders & buyers.
Gap Protection - ANS a. Date of Commitment Issuance
b. Prior to Recording
Net Retained Liability - ANS Total liability under the policy.
, ©EVERLY 2025 ALL RIGHTS RESERVED
Premium - ANS Amount Charged for Insurance
Types of Charges for Insurance - ANS a. Service charge cost of procuring and examining title.
b. Risk created by issuing policy.
Indemnification Contract - ANS a. Liens
b. Defects in Title
c. Unmarketability
Title Insurance Agent- Authorized by Title Company - ANS a. Solicit Business
b. Collect Premiums
C. Issue or Countersign policies
Financial Requirement or Underwriter - ANS a. Reserve Fund
b. Supervised by the Commissioner of Insurance
c. Reserves Against Unpaid Losses
Reserve Fund - ANS Payment of future claims
Supervised by the Commissioner of Insurance - ANS Filing Annual Report
Reserves Against Unpaid Losses - ANS Unresolved Claims
Preserve Evidence of Title for - ANS 7 years
Colorado Licensing Study Guide Exam
Questions And Answers 100% Pass
Applicant - ANS Prospective Insured
Business of Title Insurance - ANS a. Solicitation
b. Negotiation
c. Execution
Solicitation - ANS Selling & representing of the insurance product (commitment/Policies)
Negotiation - ANS Takes place prior to the issuance of policy, examples: closing settlement
services, calculating fees.
Execution - ANS When policy is issued commitment is executed.
Closing & Settlement Services - ANS Services to borrowers, sellers, lenders & buyers.
Gap Protection - ANS a. Date of Commitment Issuance
b. Prior to Recording
Net Retained Liability - ANS Total liability under the policy.
, ©EVERLY 2025 ALL RIGHTS RESERVED
Premium - ANS Amount Charged for Insurance
Types of Charges for Insurance - ANS a. Service charge cost of procuring and examining title.
b. Risk created by issuing policy.
Indemnification Contract - ANS a. Liens
b. Defects in Title
c. Unmarketability
Title Insurance Agent- Authorized by Title Company - ANS a. Solicit Business
b. Collect Premiums
C. Issue or Countersign policies
Financial Requirement or Underwriter - ANS a. Reserve Fund
b. Supervised by the Commissioner of Insurance
c. Reserves Against Unpaid Losses
Reserve Fund - ANS Payment of future claims
Supervised by the Commissioner of Insurance - ANS Filing Annual Report
Reserves Against Unpaid Losses - ANS Unresolved Claims
Preserve Evidence of Title for - ANS 7 years
