[Solved] Which One of the Following Statements, is In-Correct, with Regard to 'Surrender' of the Policy?

Q.	Which One of the Following Statements, is In-Correct, with Regard to 'Surrender' of the Policy?
A.	Surrender-Value, that is Payable to Insured, is, Usually, a Percentage of the Premiums-Paid.
B.	A Policy can be surrendered, only if, it has acquired the Paid- Up Value.
C.	Actual Surrender-Value, Paid to the Insured, is Always Less Than the Gross Surrender-Value.
D.	Surrender-Value is Payable on Voluntary Termination of the Policy-Contract by the Insured.
Answer» C. Actual Surrender-Value, Paid to the Insured, is Always Less Than the Gross Surrender-Value.

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