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What is insurable risk and uninsurable risk?

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What is insurable risk and uninsurable risk?

My doubt is from Insurance topic

I got this question in semester exam.

Other related questions to my question are:

What is insurable and uninsurable risk?

What is an uninsurable risk?

What is insurable risk and examples?

What is an insurable risk and what types of insurance protect against these risks?

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Correct answer for this question is: An uninsurable risk could include a situation in which insurance is against the law, such as coverage for criminal penalties. An uninsurable risk can be an event that's too likely to occur, such as a hurricane or flood, in an area where those disasters are frequent.

The title of my answer can be Uninsurable Risk

 You can read more about by answer on Investopedia

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