Statements made by an applicant for a Health insurance policy that the applicant says are true to the best of his/her knowledge are known as:

• A. Representations
• B. Warranties
• C. Concealment
• D. Statements

Answer: (A)

Representations are statements on the insurance application that the applicant believes to be true to the best of their knowledge. They’re not guarantees; the insurer relies on them to assess risk. If a representation is false and material to the risk, the insurer may have grounds to deny or rescind coverage. Warranties are absolute guarantees about facts, which isn’t how health/life insurance applications typically operate. Concealment would be knowingly withholding information, not simply making a truthful statement to the best knowledge. So the term that fits this description is representations.