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CISR: Insuring personal Auto exposures Exam Actual
Complete Real Verified Exam Questions & Verified
Answers / Solved 100% Correct!! Already Graded A+ /
Newest Exam!!!
An _____________ is an addition to or modification of a
title insurance policy which expands or changes coverage
of the policy fulfilling specific requirements of the insured. -
Answer-Endorsement - on test
An ____________ is a provision in a title insurance policy
that excludes liability for a specific title defect or an
outstanding lien or encumbrance, such as easements and
restrictions. - Answer-Exception
_____________ are conditions in a title insurance binder
that must be met or otherwise cleared before title can be
insured and a policy can be issued. - Answer-
Requirements
An ______________ is anything which affects or limits the
fee simple title to property, such as mortgages,
easements, or restrictions which do not prevent alienation
of the fee title by the owner. - Answer-Encumbrance
,2|Page
_________________ occurs when a structure is built in
whole or part on a neighbors property. Disputes arising
from a confusion of boundaries may be the result of
incorrect surveys, or mistakes by builders and/or owners
when erecting an improvement and may be generally
settled by an action at law. - Answer-Encroachment - on
test
___________ _____________ protect individuals and
organizations from financial loss by assuming risk. -
Answer-Insurance companies
_________ ____________ is the statement of the
condition of title or ownership of real property. One-time
only premium. Named insured and heirs are protected
against title defects, liens, and encumbrances as of the
date of policy. - Answer-Title Insurance
The ______________ is a contract with a title company to
issue a specific title policy, showing only those exceptions
contained in the commitment and any intervening matters
after the date of the commitment and prior to the effective
date of the policy. This contains all information included in
the preliminary title report, plus a list of requirements to
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insure the transaction and standard exceptions from
coverage. - Answer-Binder/Commitment
_______________ are those who must decide whether to
issue the policy, the appropriate premium to charge, and
write policies that cover these risks. - Answer-Underwriters
____________ of _______ is the history of passing of title
ownership from the present owner back to the original
owner. They include notations of deed, distributions from
estates, certificate of death, foreclosure, quiet title, and
other recorded transfers of title. - Answer-Chain of Title
The _________ is the final exchange in the sale and
purchase of real estate where the title is transferred,
financing documents and title insurance policies are
exchanged, and costs are paid. - Answer-Closing
The deposit of instruments, funds and instructions to an
independent and third party to carry out the provisions on
an agreement is called ________. - Answer-Escrow
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A _________ ______ is any cloud on a title, such as a
claim to the title by someone due to a prior lien or
improper conveyance, or an inaccurate description of the
property. - Answer-Title Defect
_______ __________ is defined as land or anything
permanently affixed from the center of the earth and
extending above the surface indefinitely, including all
inherent natural attributes and any man-made
improvements of a permanent nature placed thereon. This
includes minerals, trees, buildings, etc. - Answer-Real
Property
____________ tax is a type of indirect tax levied on
general insurance premiums. - Answer-Premium - on test
quite a bit
A ____________ ______ is a check drawn on a financial
institution. - Answer-Cashier's Check
____________ ______ are a form of payment that is
guaranteed to clear or settle by the company certifying the
funds. - Answer-Certified Funds
CISR: Insuring personal Auto exposures Exam Actual
Complete Real Verified Exam Questions & Verified
Answers / Solved 100% Correct!! Already Graded A+ /
Newest Exam!!!
An _____________ is an addition to or modification of a
title insurance policy which expands or changes coverage
of the policy fulfilling specific requirements of the insured. -
Answer-Endorsement - on test
An ____________ is a provision in a title insurance policy
that excludes liability for a specific title defect or an
outstanding lien or encumbrance, such as easements and
restrictions. - Answer-Exception
_____________ are conditions in a title insurance binder
that must be met or otherwise cleared before title can be
insured and a policy can be issued. - Answer-
Requirements
An ______________ is anything which affects or limits the
fee simple title to property, such as mortgages,
easements, or restrictions which do not prevent alienation
of the fee title by the owner. - Answer-Encumbrance
,2|Page
_________________ occurs when a structure is built in
whole or part on a neighbors property. Disputes arising
from a confusion of boundaries may be the result of
incorrect surveys, or mistakes by builders and/or owners
when erecting an improvement and may be generally
settled by an action at law. - Answer-Encroachment - on
test
___________ _____________ protect individuals and
organizations from financial loss by assuming risk. -
Answer-Insurance companies
_________ ____________ is the statement of the
condition of title or ownership of real property. One-time
only premium. Named insured and heirs are protected
against title defects, liens, and encumbrances as of the
date of policy. - Answer-Title Insurance
The ______________ is a contract with a title company to
issue a specific title policy, showing only those exceptions
contained in the commitment and any intervening matters
after the date of the commitment and prior to the effective
date of the policy. This contains all information included in
the preliminary title report, plus a list of requirements to
,3|Page
insure the transaction and standard exceptions from
coverage. - Answer-Binder/Commitment
_______________ are those who must decide whether to
issue the policy, the appropriate premium to charge, and
write policies that cover these risks. - Answer-Underwriters
____________ of _______ is the history of passing of title
ownership from the present owner back to the original
owner. They include notations of deed, distributions from
estates, certificate of death, foreclosure, quiet title, and
other recorded transfers of title. - Answer-Chain of Title
The _________ is the final exchange in the sale and
purchase of real estate where the title is transferred,
financing documents and title insurance policies are
exchanged, and costs are paid. - Answer-Closing
The deposit of instruments, funds and instructions to an
independent and third party to carry out the provisions on
an agreement is called ________. - Answer-Escrow
, 4|Page
A _________ ______ is any cloud on a title, such as a
claim to the title by someone due to a prior lien or
improper conveyance, or an inaccurate description of the
property. - Answer-Title Defect
_______ __________ is defined as land or anything
permanently affixed from the center of the earth and
extending above the surface indefinitely, including all
inherent natural attributes and any man-made
improvements of a permanent nature placed thereon. This
includes minerals, trees, buildings, etc. - Answer-Real
Property
____________ tax is a type of indirect tax levied on
general insurance premiums. - Answer-Premium - on test
quite a bit
A ____________ ______ is a check drawn on a financial
institution. - Answer-Cashier's Check
____________ ______ are a form of payment that is
guaranteed to clear or settle by the company certifying the
funds. - Answer-Certified Funds
