Which of the following statements about title insurance is true? A) A

Which of the following statements about title insurance is true?

A) A premium must be paid annually to keep the policy in force.
B) The policy term runs for 30 years or the length of the insured’s mortgage loan, whichever is shorter.
C) The policy guarantees that the owner will keep possession of the property if a defect in the title is discovered.
D) The policy provides protection against title defects that occurred prior to the effective date of the policy.

ANSWER

Answer: D