[Solved] In Relation to Life Assurance, Look at the Following Two Statements, and Select the True One(s): I: Age is Material Information, and may affect the Terms of Underwriting. II: If Age is Found to be Different, the Only Effect is on the Premium-Rate.

Q.	In Relation to Life Assurance, Look at the Following Two Statements, and Select the True One(s): I: Age is Material Information, and may affect the Terms of Underwriting. II: If Age is Found to be Different, the Only Effect is on the Premium-Rate.
A.	Only Statement-I is True.
B.	Only Statement-II is True.
C.	Both: Statement-I and Statement-II, are True.
D.	Both: Statement-I and Statement-II, are False.
Answer» A. Only Statement-I is True.

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