Which of the following is NOT shown on Schedule A of the title commitment?

Prepare for the Alabama Title Insurance Test. Practice with flashcards and multiple-choice questions, each question has hints and explanations. Get ready for your exam!

Schedule A of the title commitment outlines key information related to the title insurance policy. It is primarily focused on the specifics of the transaction and the parties involved. The schedule includes the names of proposed insureds, which identify who is covered by the title insurance, as well as the name of the existing title holder, providing context of who currently owns the property.

Additionally, the legal description of the subject property is included to clearly define the exact boundaries and characteristics of the property being insured. This information is essential for both the title insurer and the insured parties to understand what property is being discussed.

In contrast, exceptions from coverage are not included in Schedule A. Instead, these exceptions are detailed in Schedule B of the title commitment. This separation is important because it differentiates the affirmative coverage provided by the insurer from potential risks and exclusions that a buyer or lender should be aware of. Therefore, the presence of exceptions belongs on Schedule B, not Schedule A, confirming that option regarding exceptions from coverage is the answer to the question.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy