FL TITLE EXAM 180 QUESTIONS & CORRECT
ANSWERS LATEST 2025
The Purpose of the Noltice to Purchaser-Mortgagor is to: - ANSWER-Tell them the
loan policy does not protect them as an owner
Rate the minimum title premium for a $10,000 owner's title policy - ANSWER-
$100
What is the minimum risk rate premium that can be charged for an owners
policy? - ANSWER-$100
An owners policy must be issued for a full insurable value of: - ANSWER-The
premises
What is the minimum risk premium that may be charged for a mortgage title
policy? - ANSWER-$100
A mortgage title insurance may NOT be issued for less than the: - ANSWER-Full
principal debt
what is the maximum percentage above the full loan amoun t for which a
mortgagee title policy may be issued, without an additional interest or shared
appreciated endorsement? - ANSWER-25%
,what is the reissue risk premium for a $25,000 owner policy? - ANSWER-$100
The minimum risk rate premium for simultaneous issue loan policy shall be: -
ANSWER-$25
On a simultaneous issue transaction, the risk premium on the amount of the loan
policy in excess of the owners policy shall be figured out at: - ANSWER-regular
original title insurance rates for mortgage policies
the minimum retention of title premium by title insurers is: - ANSWER-30%
required retention of title premium funds must be remitted to the insurer by the
agent at least: - ANSWER-monthly
Until the required retention of funds are remitted to the insurer by agent, such
funds are considered: - ANSWER-collected funds
Which is NOT a category of endorsement and affirmative type coverage provided
for in 69O-186.005(7)(a) - ANSWER-Regulated Endorsements and or affirmative
types coverages
what endorsement can NOT be issued without approval from the department
(OIR)? - ANSWER-Florida Form 9
The risk rate premium for florida form 9 endorsement shall be: - ANSWER-10% of
total policy premium
, risk rate premium for Navigational servitude endorsement shall be: - ANSWER-
10% of total policy premium
title insurance is limited to : - ANSWER-coverage of real property
Individual escrow records for each transaction, in which deposits and
disbursements are made, must be maintained by the title insurance agent for
what time period? - ANSWER-3 years
Monthly escrow account reconciliation records must be maintained for: -
ANSWER-5 years
To qualify for title agent licensure, which of the following do not apply? -
ANSWER-you must be currently employed within the title insurance industry.
the statutory definition of a title insurance agent is someone who: - ANSWER-is
appointed in writing by an title insurer to issue and counter sign commitments
and policies of title insurance on behalf of the insurer.
when appointing an agency to the department, the insurer must certify that the
agency has all of the following - ANSWER-1.surety bond in the minimum amount
of $35,000
2.fidelity bond in the minimum amount of $50,000
3.errors and omissions insurance in the minimum amount of $250,000 per claim
and max deductible of $10,000
ANSWERS LATEST 2025
The Purpose of the Noltice to Purchaser-Mortgagor is to: - ANSWER-Tell them the
loan policy does not protect them as an owner
Rate the minimum title premium for a $10,000 owner's title policy - ANSWER-
$100
What is the minimum risk rate premium that can be charged for an owners
policy? - ANSWER-$100
An owners policy must be issued for a full insurable value of: - ANSWER-The
premises
What is the minimum risk premium that may be charged for a mortgage title
policy? - ANSWER-$100
A mortgage title insurance may NOT be issued for less than the: - ANSWER-Full
principal debt
what is the maximum percentage above the full loan amoun t for which a
mortgagee title policy may be issued, without an additional interest or shared
appreciated endorsement? - ANSWER-25%
,what is the reissue risk premium for a $25,000 owner policy? - ANSWER-$100
The minimum risk rate premium for simultaneous issue loan policy shall be: -
ANSWER-$25
On a simultaneous issue transaction, the risk premium on the amount of the loan
policy in excess of the owners policy shall be figured out at: - ANSWER-regular
original title insurance rates for mortgage policies
the minimum retention of title premium by title insurers is: - ANSWER-30%
required retention of title premium funds must be remitted to the insurer by the
agent at least: - ANSWER-monthly
Until the required retention of funds are remitted to the insurer by agent, such
funds are considered: - ANSWER-collected funds
Which is NOT a category of endorsement and affirmative type coverage provided
for in 69O-186.005(7)(a) - ANSWER-Regulated Endorsements and or affirmative
types coverages
what endorsement can NOT be issued without approval from the department
(OIR)? - ANSWER-Florida Form 9
The risk rate premium for florida form 9 endorsement shall be: - ANSWER-10% of
total policy premium
, risk rate premium for Navigational servitude endorsement shall be: - ANSWER-
10% of total policy premium
title insurance is limited to : - ANSWER-coverage of real property
Individual escrow records for each transaction, in which deposits and
disbursements are made, must be maintained by the title insurance agent for
what time period? - ANSWER-3 years
Monthly escrow account reconciliation records must be maintained for: -
ANSWER-5 years
To qualify for title agent licensure, which of the following do not apply? -
ANSWER-you must be currently employed within the title insurance industry.
the statutory definition of a title insurance agent is someone who: - ANSWER-is
appointed in writing by an title insurer to issue and counter sign commitments
and policies of title insurance on behalf of the insurer.
when appointing an agency to the department, the insurer must certify that the
agency has all of the following - ANSWER-1.surety bond in the minimum amount
of $35,000
2.fidelity bond in the minimum amount of $50,000
3.errors and omissions insurance in the minimum amount of $250,000 per claim
and max deductible of $10,000
