Florida Insurance Licensing Practice Exam

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Prepare for the Florida Insurance Licensing Exam using comprehensive questions and in-depth explanations. Perfect your understanding of essential insurance concepts and ensure your success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Risks that are insurable are:

Pure risks
Speculative risks
All risks
Non-financial risks

The correct answer is: Pure risks

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.