Florida Insurance Licensing Practice Exam

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Prepare for the Florida Insurance Licensing Exam with a comprehensive quiz that features multiple-choice questions and hints. Gain confidence and knowledge to excel on your exam!

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Risks that are insurable are:

  1. Pure risks

  2. Speculative risks

  3. All risks

  4. 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.

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