The requirements to obtain a release and satisfaction of an unreleased Deed of Trust is reflected in which of the following Schedule of a Title Insurance Commitment?

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The requirements to obtain a release and satisfaction of an unreleased Deed of Trust is reflected in which of the following Schedule of a Title Insurance Commitment?

A. Schedule A
B. Schedule B-I
C. Schedule B-II
D. Schedule C

Answer: B. Schedule B-I

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B

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