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Title and Escrow Commission Act

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Question 1 of 6

1. Question

A title licensee who holds: (a) an individual title insurance producer license as a title licensee; and (b) a license or certificate under Residential Mortgage, Real Estate, or Real Estate Appraiser — is known as

Dual licensed title licensee

Concurrent licensee

Simultaneously licensed licensee

Double indemnity licensee

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Question 2 of 6

2. Question

The Title and Escrow Commission is comprised of how many members?

Three

Five

Seven

Nine

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Question 3 of 6

3. Question

Who appoints the members of the Title and Escrow Commission?

The Senate with the advice and consent of the Insurance Commissioner

The National Association of Insurance Commissioners (NAIC) with the advice and consent of the Insurance Commissioner

The Governor with the advice and consent of the Senate

The Senate with the advice and consent of the Governor

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Question 4 of 6

4. Question

All of the following are true about the Title and Escrow Commission EXCEPT which one?

Two members shall be employees of a title insurer.

One member shall be a member of the general public from any county in the state.

No more than one commission member may be appointed from a single company or an affiliate or subsidiary of the company.

A commission member may serve more than one consecutive term, but NOT more than three consecutive terms.

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Question 5 of 6

5. Question

How long is the term of a Title and Escrow Commission member?

One year

Two years

Three years

Four years

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Question 6 of 6

6. Question

Who shall make rules related to: rating standards and rating methods for a title licensee; licensing for a title licensee, including licensing requirements; license examination; continuing education requirements; and standards of conduct for a title licensee?

The Title and Escrow Commission

The Governor

The Commissioner

The Senate

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