MD Title Insurance Producer 2024-2025. Questions and
Correct, Verified Answers. Graded A+
10. FILL IN THE BLANKS and ANSWER THE MULTIPLE CHOICE: Rates on an owner's policy are generally
___HIGHER___ than that of a loan policy due to the assumption of risk and the likelihood that an
owner's policy will probably be in effect longer than a loan policy. The policy should be a
___OWNER___Policy and not a Loan Policy. In Maryland the discount rate is usually 40% What are the
two types of issue rates?
A. Discount Rate and Policy Rate
B. Simultaneous Issue and Discount Rate.
C. Policy Rate Reissue and Premium Rate.
D. Simultaneous Issue and Reissue Rate. - ANSD. Simultaneous Issue and Reissue Rate.
11. These covered risks are associated with a specific policy: Forgery and impersonation; Lack of
competency, (capacity or legal authority of a party); Deed not joined in by a necessary party (co-owner,
heir, spouse, corporate officer, or business partner); Undisclosed (but recorded) prior mortgage or lien;
Undisclosed (but recorded) easement or use restriction; Erroneous or inadequate legal descriptions; Lack
of a right access and deed not properly recoded deals with are all risk, Choose the correct policy. - ANS
2. Title insurance producers may not convert or misappropriate funds held in escrow or trust while:
A. Soliciting, procuring, or negotiations title insurance contracts.
B. Performing escrow, closing, and settlement services.
C. A title insurer
D. A and B
E. B and C
F. C and A
G. All of the above. - ANSD. A and B
3. A bond or letter of credit required in addition to meeting any applicable requirements for a license to
act as and insurance producer under this subtitle, a sole proprietor, a limited liability company, a
partnership, or a corporate applicant for a license as a title insurance producer shall file file with
commissioner:
