Multiple choice

Which of the following statements is/are 'true'?

Statement A: The premium under a group insurance policy is constant for all the time to come. Statement B: Section 45 of the Insurance Act does not apply to a one year policy.

  1. Only (A)

  2. Only (B)

  3. Both (A) and (B)

  4. Neither (A) nor (B)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

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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