When Jill fills out an insurance application with information that she believes to be true, this information is considered?

When Jill fills out an insurance application with information that she believes to be true, this information is considered?

• A. Assertion
• B. Verification
• C. A representation
• D. A declaration

Answer: (C)

When Jill fills out an insurance application with information that she believes to be true, this information is considered a representation. In the context of insurance, a representation refers to the statements or details provided by the applicant that are believed to be true to the best of their knowledge. These representations are critical as they form the basis of the insurer's decision to accept or decline the application and determine the terms of the policy. A representation is not as formal as a guarantee but reflects the applicant's honest belief about the facts being stated. If the information contained in the representation is found to be incorrect, it may affect the validity of the insurance contract, especially if the incorrect information is material to the risk being insured. In contrast, other options like assertion or declaration might imply different levels of certainty or forms of communication and do not fully capture the specific legal implication of the information provided in an insurance context. Verification typically involves the act of confirming facts against evidence, which is not what the applicant is doing when expressing their beliefs on an application.

When Jill fills out an insurance application with information that she believes to be true, this information is considered a representation. In the context of insurance, a representation refers to the statements or details provided by the applicant that are believed to be true to the best of their knowledge. These representations are critical as they form the basis of the insurer's decision to accept or decline the application and determine the terms of the policy.

A representation is not as formal as a guarantee but reflects the applicant's honest belief about the facts being stated. If the information contained in the representation is found to be incorrect, it may affect the validity of the insurance contract, especially if the incorrect information is material to the risk being insured.

In contrast, other options like assertion or declaration might imply different levels of certainty or forms of communication and do not fully capture the specific legal implication of the information provided in an insurance context. Verification typically involves the act of confirming facts against evidence, which is not what the applicant is doing when expressing their beliefs on an application.