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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Insurance Regulation | 25% | - Pennsylvania insurance statutes and regulations - Unfair trade practices and ethics - Licensing requirements and procedures |
| Topic 2: Title Insurance Principles | 25% | - Title search and examination procedures - Purpose and function of title insurance - Exceptions and risk elimination - Title commitments and policy forms |
| Topic 3: General Insurance Concepts | 15% | - Risk and indemnity - Contract law fundamentals - Basic insurance principles |
| Topic 4: Real Property Law | 25% | - Liens, encumbrances, and easements - Conveyance and recording statutes - Property rights and interests |
| Topic 5: Real Estate Transactions & Settlement | 10% | - Disbursement and record-keeping - Policy issuance and delivery - Escrow and closing procedures |
In 1990, Eddie granted to Bob an easement to cross Eddie's land to reach some hunting grounds off the highway. The easement was depicted on a plat of survey recorded in the county land records. In 1995, Bob stopped hunting and has not used the easement since. Bob never intends to go back there again. How can Eddie get rid of the easement that crosses his property, so that Eddie can sell the land free of the easement?
Correct Answer: B 🗳️
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Which of the following is NOT among the requirements for recording a document affecting title to property in Pennsylvania?
Correct Answer: D 🗳️
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A chain of title is best described as
Correct Answer: D 🗳️
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Karen has a life estate in the property. Upon her death, the property passes to
Correct Answer: D 🗳️
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A statement included on a title commitment such as "record warranty deed from the owner shown in Schedule A vesting title in the proposed insured" is an example of a
Correct Answer: B 🗳️
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