QUESTION IMAGE
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.
Brief Explanations
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.
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C. consumer to share liability with a company.