Jose applies for insurance. He indicates he is a non-smoker when in fact he is a smoker. Five years after the policy has been in effect, the insurer finds out that Jose is a smoker. Which statement best describes the rights of the insurer in this case? The insurer can only cancel the policy after the first 2 years has elapsed The insurer can cancel the policy at any time The insurer cannot cancel the policy The insurer can only cancel the policy within the first 2 years