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| Section | Weight | Objectives |
|---|---|---|
| Insurance Regulation | 12% | - Company regulation
|
| Title Exceptions and Procedures for Clearing Title | 21% | - Liens and encumbrances
- Property-related issues
|
| Title Insurance Principles | - Risks covered by title insurance
| |
| General Insurance Concepts | 3% |
Which section of a title insurance policy lists the rights of the insurer?
Correct Answer: B 🗳️
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A waiver is defined as the
Correct Answer: B 🗳️
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Which of the following is considered a voluntary lien?
Correct Answer: B 🗳️
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A local bank holds a mortgage on a certain property. A national bank has purchased the loan from the local bank. The proper document to be recorded in the recorder's office to evidence the ownership of the mortgage by the national bank is referred to as
Correct Answer: A 🗳️
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In 1990, Eddie granted to Bob an easement to cross Eddie's land to reach some hunting grounds off the highway. The easement was depicted on a plat of survey recorded in the county land records. In 1995, Bob stopped hunting and has not used the easement since. Bob never intends to go back there again. How can Eddie get rid of the easement that crosses his property, so that Eddie can sell the land free of the easement?
Correct Answer: D 🗳️
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