Title insurance exam questions &
answers graded A+ updated
Which of the following statements is true?
A domestic company is one chartered in this country.
B. a foreign company is one chartered in another country
C. an alien company is one chartered in another state
D. a certificate of authority is used to companies authorized to transact business in the state -
correct answer ✔✔D
Which of the following statements is not true?
A. A single insurance risk can include two or more policies on the same real property.
B. A single insurance risk does not include certain mortgage interest except in fee or leasehold
policies.
C. A single insurance risk can me the insured face amount of a title insurance policy.
D. A single insurance risk can include both real and personal property. - correct answer ✔✔D
3. The statutory definition of title insurance includes which of the following
I. Guaranteeing the correctness of title searches
, II. The guaranteed by the title company of the existence of amenities in connection with the
purchase of real property.
III. The Ensuring by a title company of the validity of a mortgage loan
A. I and II only
B. II and III only
C. I and III only
D. I, II and III - correct answer ✔✔C
The statutory definition of title insurance includes which of the following
I. Guaranteeing the credit worthiness of the mortgagor
II. Indemnifying owners against loss suffered as a result of the title being on marketable
III. Indemnifying owners against hidden property defects in the title to real policy.
A. I and II only
B. II and III only
C. I and III only
D. I, II and III - correct answer ✔✔B
title insurance companies
are permitted to do which of the following
answers graded A+ updated
Which of the following statements is true?
A domestic company is one chartered in this country.
B. a foreign company is one chartered in another country
C. an alien company is one chartered in another state
D. a certificate of authority is used to companies authorized to transact business in the state -
correct answer ✔✔D
Which of the following statements is not true?
A. A single insurance risk can include two or more policies on the same real property.
B. A single insurance risk does not include certain mortgage interest except in fee or leasehold
policies.
C. A single insurance risk can me the insured face amount of a title insurance policy.
D. A single insurance risk can include both real and personal property. - correct answer ✔✔D
3. The statutory definition of title insurance includes which of the following
I. Guaranteeing the correctness of title searches
, II. The guaranteed by the title company of the existence of amenities in connection with the
purchase of real property.
III. The Ensuring by a title company of the validity of a mortgage loan
A. I and II only
B. II and III only
C. I and III only
D. I, II and III - correct answer ✔✔C
The statutory definition of title insurance includes which of the following
I. Guaranteeing the credit worthiness of the mortgagor
II. Indemnifying owners against loss suffered as a result of the title being on marketable
III. Indemnifying owners against hidden property defects in the title to real policy.
A. I and II only
B. II and III only
C. I and III only
D. I, II and III - correct answer ✔✔B
title insurance companies
are permitted to do which of the following
