Which statement about SEF21B blanket fleet endorsement is false?

Which statement about SEF21B blanket fleet endorsement is false?

• A. Monthly reporting is required by the insured
• B. An advance premium is required at the inception date of the policy
• C. Premium adjustment will be made at the end of the policy
• D. All vehicles owned or leased by the insured at the inception of the policy must be filed with the insurer

Answer: (A)