Which of the following statements are 'true' 1 The premium under...

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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.

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