explain how auto insurance can be viewed as a put option.

multiple choices are:

the insurance company holds a put option
		the insured holds a put option
		the insurance company wrote a put option
		the insured wrote a put option
		A and B
		A and C
		A and D
		B and C
		B and D
		C and D
		all but A
		all but B
		all but C
		all but D
		all are true