QUESTION 10

Which one of the following is true about title insurance?

	a.	Residential property buyers are required to purchase an owner's title insurance policy at closing.
	b.	Title insurance does not guarantee title is free of defects, but shifts the risk of loss due to a defect from the insured to the insurer.
	c.	The lender's title insurance policy will protect the owner of the insured property.
	d.	The lender's title insurance policy will protect the new lender if the owner refinances his mortgage.