Which of the following statements are 'true'?
1 : The premium under a group insurance policy is constant for all the time to come.
2 : Section 45 of the Insurance Act does not apply to a one year policy.

A. Only 1

B. Only 2

C. Both A & B

D. None of the above

Answer: Option A

Solution(By Examveda Team)

As per Section 45, a policy is not to be called in question on the grounds of misstatement after two years. Hence, statement (B) is false.