Florida Insurance Licensing Practice Exam 2025 – All-in-One Guide to Master Your Licensing Test!

Pure risks are defined as risks that have only a possibility of loss or no loss at all. These types of risks are insurable because insurance companies can accurately assess the likelihood of a loss occurring and assign a premium accordingly. Speculative risks, on the other hand, involve the potential for both gain and loss and are not insurable. All risks and non-financial risks may include both pure and speculative risks and are not specifically insurable. Therefore, these options are incorrect.