QUESTIONS WITH ANSWERS GRADED A+
◍ 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. -
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 - 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