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.

The correct answer is: D. None of the above

• Statement 1: The premium under a group insurance policy is constant for all the time to come.

This statement is false. The premium under a group insurance policy is usually fixed for a period of time, but it can be increased or decreased at the end of that period. This is because the risk to the insurer may change over time, depending on factors such as the age and health of the group members.

• Statement 2: Section 45 of the Insurance Act does not apply to a one year policy.

This statement is false. Section 45 of the Insurance Act applies to all insurance policies, regardless of the length of the policy term. Section 45 requires insurers to disclose certain information to policyholders, such as the terms and conditions of the policy, the risks covered, and the premium payable.

In conclusion, none of the statements are true.