Insurance is a financial service that allows a

a. Consumer to transfer all risk to a company.

b. Company to control finances for a consumer.

c. Consumer to share liability with a company.

d. Company to maximize risk for a consumer.

Answer:- c. Consumer to share liability with a company.

Insurance refers to the financial service that lets a customer to share liability with a business.

What is insurance?

Insurance can be defined as an insurance coverage that aid to cover costs in case of unforeseen condition thus saving cost.

Insurance corporation makes it likely for customer that are under an insurance coverage to share liability with a company in case of unforeseen circumstance.

In conclusion Insurance refers to the financial service that lets a consumer to share liability with a company.

The financial subdivision covers numerous diverse kinds of transactions in such areas as real estate, customer finance, banking, and insurance. This likewise covers a comprehensive spectrum of investment funding, including securities


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