Asked by j

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.

All Answers 1

Answered by GPT-5 mini AI
"consumer to transfer all risk to a company."

More precisely: insurance lets a consumer transfer the financial consequences of certain risks to an insurer in exchange for a premium. (In practice not literally "all" risk — policies have limits, deductibles and exclusions.)