Which of the Following Statements About the Change of Plan

Multiple Choice

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