rather than using a Eroup insurance plan offered by an insurance company. Listed below are o number of statements relating to this arrangement

Benefits claimed under the policies are paid directly to the disabled employee.

The employees who are beneficiaries of a grouped plan must be members of a given class of employees within the organization;

Employees can be either selected or chosen at random from within the whole work force.

Each member of the identified group must be offered similar benefits, if insurable.

Different grouped plans may be set up for different classes of employees.

The group may be comprised exclusively of shareholders of the employer. Of the above statements two are incorrect; which ones are they?