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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
Title Insurance agency with one main office and two branches that conduct daily
activities requiring title agent licensure should have a minimum of how many
licensed agents? - Answer✅✅3, one per office
once a title agents appointment has expired/been terminated, if not reappointed
within_____ years, an application is required for qualification for new license -
Answer✅✅4
for licenses which have been suspended, such period shall not exceed? -
Answer✅✅1 year
for licenses which have been revoked, such period shall not exceed? - Answer✅✅2
years
Closing definition includes: - Answer✅✅1.preparing documents necessary to close
transaction
2. conducting closing
3. handling disbursement of funds related to the closing
Primary title services includes: - Answer✅✅1. determining insurability in
compliance with sound underwriting practices based upon evaluation of a
reasonable title search
2.determining and clearance of underwriting objections and requirements to
eliminate risk
3.preparation and issuance of a title insurance commitment and policies
F.S. 627.782(1) states on. RESPA related transactions, _______ attributable to
providing a primary title service shall be paid or retained by any person who does
not actually perform service. - Answer✅✅No portion of premium
preparing documents or conducting closings NOT incident to the issuance of title
insurance: - Answer✅✅is considered the unauthorized practice of law
the statutory definition of the GAP exception is the period between the effective
date of commitment and the date: - Answer✅✅of recording the vesting instrument
Exam Questions with Clear Correct
Verified Answers|All Graded
A+|Latest Premium Update(2025-
2026)|100% Guaranteed Success.
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
Title Insurance agency with one main office and two branches that conduct daily
activities requiring title agent licensure should have a minimum of how many
licensed agents? - Answer✅✅3, one per office
once a title agents appointment has expired/been terminated, if not reappointed
within_____ years, an application is required for qualification for new license -
Answer✅✅4
for licenses which have been suspended, such period shall not exceed? -
Answer✅✅1 year
for licenses which have been revoked, such period shall not exceed? - Answer✅✅2
years
Closing definition includes: - Answer✅✅1.preparing documents necessary to close
transaction
2. conducting closing
3. handling disbursement of funds related to the closing
Primary title services includes: - Answer✅✅1. determining insurability in
compliance with sound underwriting practices based upon evaluation of a
reasonable title search
2.determining and clearance of underwriting objections and requirements to
eliminate risk
3.preparation and issuance of a title insurance commitment and policies
F.S. 627.782(1) states on. RESPA related transactions, _______ attributable to
providing a primary title service shall be paid or retained by any person who does
not actually perform service. - Answer✅✅No portion of premium
preparing documents or conducting closings NOT incident to the issuance of title
insurance: - Answer✅✅is considered the unauthorized practice of law
the statutory definition of the GAP exception is the period between the effective
date of commitment and the date: - Answer✅✅of recording the vesting instrument
