Which of the following statements about the change of plan provision i

Which of the following statements about the change of plan provision in a life insurance contract is (are) true?

I. A change to a lower premium policy results in a refund of the difference in the cash values of the two policies.
II. A change to a higher premium policy requires evidence of insurability.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: A