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Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 PA-Title-Insurance-Agent Question # 6 Topic 1 Discussion

Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 PA-Title-Insurance-Agent Question # 6 Topic 1 Discussion

PA-Title-Insurance-Agent Exam Topic 1 Question 6 Discussion:
Question #: 6
Topic #: 1

Which two elements should always be contained in an escrow agreement, specifically to protect the fiduciary and prevent lawsuits?


A.

amount of escrow and addresses of each party


B.

limitation of liability and ability to resign


C.

time limit and file number


D.

location of property and reason for escrow


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