1063. Which of the following statements are false? I. Policy decisions in an insurance organization mean decisions relating to issue of specific insurance policies. II. Policy decisions in an insurance organization mean decisions relating to different kind of plans of insurance to be offered to the public.

✅ The correct answer is A.
Policy decisions in an insurance organization doesnt mean decisions relating to issue of specific insurance policies. A policy is a deliberate system of principles to guide decisions and achieve rational outcomes. A policy is a statement of intent, and is implemented as a procedure or protocol.