Updated: Jul 03, 2026
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1. A waiver is defined as the
A) intentional and voluntary giving up of a known right.
B) misrepresentation of a known right.
C) modification of a known right.
D) acceptance of terms of the policy.
2. Which of the following can be licensed as a title insurance agent?
A) an approved attorney
B) a legal entity
C) an employee of a title company
D) an officer of a title company
3. Which of the following is considered a voluntary lien?
A) Real estate tax lien.
B) Mortgage lien.
C) State tax lien.
D) Construction lien.
4. The MAIN purpose of an endorsement is to
A) modify the policy.
B) describe the covered losses.
C) decrease the premium.
D) increase the premium.
5. A leasehold interest in real property ownership is
A) a lien interest.
B) an insurable interest.
C) a non insurable interest.
D) an usury interest.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: B |
1. A waiver is defined as the
A) intentional and voluntary giving up of a known right.
B) misrepresentation of a known right.
C) modification of a known right.
D) acceptance of terms of the policy.
2. Which of the following can be licensed as a title insurance agent?
A) an approved attorney
B) a legal entity
C) an employee of a title company
D) an officer of a title company
3. Which of the following is considered a voluntary lien?
A) Real estate tax lien.
B) Mortgage lien.
C) State tax lien.
D) Construction lien.
4. The MAIN purpose of an endorsement is to
A) modify the policy.
B) describe the covered losses.
C) decrease the premium.
D) increase the premium.
5. A leasehold interest in real property ownership is
A) a lien interest.
B) an insurable interest.
C) a non insurable interest.
D) an usury interest.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: B |
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