Page 1 of 118
FL GHP Practice EXAM QUESTIONS AND CORRECT
DETAILED SOLUTIONS LATEST UPDATED VERSION
JUST RELEASED
Question: What is the definition of a risk that is insurable?
a.Risk is defined as a chance or the possibility of financial loss; only pure risks are insurable as
there is no possibility of a gain
b.A chance of a loss or gain
c.A risk where there is a possibility of a gain
d.A chance for insurance coverage - CORRECT ANSWER✔✔a
Question: What is an insurance policy?
a.A binder that offers initial insurance coverage
b.An oral agreement related to insurance
c.A temporary agreement for insurance coverage
, Page 2 of 118
d.A written agreement or contract for insurance coverage - CORRECT ANSWER✔✔d.
Question: What is an insurance binder?
a.An agreement with an insurer for coverage
b.A temporary agreement for insurance coverage subject to the decision of the insurer
c.A permanent agreement for insurance coverage
d.An agreement with an agent - CORRECT ANSWER✔✔b
Question: The term casualty is related to all the following insurance lines except?
a.Life and health insurance
b.Marine insurance
c.Insurance on property
d.Liability insurance - CORRECT ANSWER✔✔a
, Page 3 of 118
Question: What is the mathematical concept where the actual results from an event being
measured will equal the predicted or expected results as the number of units or trials
increases? - CORRECT ANSWER✔✔The concept of The Law of Large Numbers.
Question: What insurance principle acts to place an insured in the same or similar financial
position after a loss as was prior to the loss event?
a.The indemnity principle
b.The waiver principle
c.The principle of utmost good faith
d.The principle of subrogation - CORRECT ANSWER✔✔a
Question: What type of contract prevents an insured from transferring the interest of an
insurance policy to another?
a.A personal contract
b.An indemnity contract
, Page 4 of 118
c.A subrogation contract
d.A contract of good faith - CORRECT ANSWER✔✔a
Q:Describe millipedes and centipedes and discuss their managment - CORRECT
ANSWER✔✔Millipedes are cylindrical arthropods with two pairs of legs per segment.
Question: The responsibility of the Environmental Protection Agency is to
a. regulate state agencies
b. sue pesticide applicators
c. protect public health and the environment
d. regulate DOD pesticides - CORRECT ANSWER✔✔c
Question: Pest control applicators may be certified in either of two classifications:
a. certified and limited certification
b. fumigation and non-fumigation
c. urban and agriculture
FL GHP Practice EXAM QUESTIONS AND CORRECT
DETAILED SOLUTIONS LATEST UPDATED VERSION
JUST RELEASED
Question: What is the definition of a risk that is insurable?
a.Risk is defined as a chance or the possibility of financial loss; only pure risks are insurable as
there is no possibility of a gain
b.A chance of a loss or gain
c.A risk where there is a possibility of a gain
d.A chance for insurance coverage - CORRECT ANSWER✔✔a
Question: What is an insurance policy?
a.A binder that offers initial insurance coverage
b.An oral agreement related to insurance
c.A temporary agreement for insurance coverage
, Page 2 of 118
d.A written agreement or contract for insurance coverage - CORRECT ANSWER✔✔d.
Question: What is an insurance binder?
a.An agreement with an insurer for coverage
b.A temporary agreement for insurance coverage subject to the decision of the insurer
c.A permanent agreement for insurance coverage
d.An agreement with an agent - CORRECT ANSWER✔✔b
Question: The term casualty is related to all the following insurance lines except?
a.Life and health insurance
b.Marine insurance
c.Insurance on property
d.Liability insurance - CORRECT ANSWER✔✔a
, Page 3 of 118
Question: What is the mathematical concept where the actual results from an event being
measured will equal the predicted or expected results as the number of units or trials
increases? - CORRECT ANSWER✔✔The concept of The Law of Large Numbers.
Question: What insurance principle acts to place an insured in the same or similar financial
position after a loss as was prior to the loss event?
a.The indemnity principle
b.The waiver principle
c.The principle of utmost good faith
d.The principle of subrogation - CORRECT ANSWER✔✔a
Question: What type of contract prevents an insured from transferring the interest of an
insurance policy to another?
a.A personal contract
b.An indemnity contract
, Page 4 of 118
c.A subrogation contract
d.A contract of good faith - CORRECT ANSWER✔✔a
Q:Describe millipedes and centipedes and discuss their managment - CORRECT
ANSWER✔✔Millipedes are cylindrical arthropods with two pairs of legs per segment.
Question: The responsibility of the Environmental Protection Agency is to
a. regulate state agencies
b. sue pesticide applicators
c. protect public health and the environment
d. regulate DOD pesticides - CORRECT ANSWER✔✔c
Question: Pest control applicators may be certified in either of two classifications:
a. certified and limited certification
b. fumigation and non-fumigation
c. urban and agriculture
