Question

insurance is a financial service that allows a
consumer to transfer all risk to a company.
company to control finances for a consumer.
consumer to share liability with a company.
company to maximize risk for a consumer.

Explanation:

To solve this, we analyze each option:

• "consumer to transfer all risk" is incorrect as insurance doesn't transfer all risk (e.g., deductibles exist).
• "company to control finances" is wrong; insurance is about risk, not finance control.
• "consumer to share liability with a company" is correct. Insurance involves the consumer (policyholder) and insurer sharing liability for covered risks (e.g., the insurer pays claims, but the consumer pays premiums and may have deductibles).
• "company to maximize risk" is incorrect; insurance aims to manage/reduce risk for the consumer.

Answer:

C. consumer to share liability with a company.