A statement by an insurance applicant of facts upon which the insurer bases its decision as to whether or not to issue the policy as applied for.----------[ Back
( déclaration) The acceptance or rejection of an insurance risk and the amount of premium that would be required, is determined by facts submitted by the person applying for such insurance. An improper statement in the "representation" of the risk is generally corrected by endorsement or possibly where required the charging of an additional premium. The penalty for false information on material facts or warranties may be the voiding of the policy.
Oral or written statements provided by an applicant that are not part of the contract.
a factual statement made by one party in order to induce another party to enter into a contract; "the sales contract contains several representations by the vendor"
a statement of facts and reasons made in appealing or protesting; "certain representations were made concerning police brutality"
an oral or written statement given by the insured before the contract is made
a statement as to past or present fact, made to the insurer by, or by the authority of, the applicant for insurance or the prospective insured, at or before the making of the insurance contract as an inducement to the making thereof
a statement made by one party to another, before or at the time of contracting, regarding some existing fact or to some past event, which is one of the causes that induces a contract
a statement made by one party to another, before or at the time of the contract, with regard to some existing fact or to some past event, which is material to the contract
a statement of fact made to induce another person to enter into a contract and which does induce them to enter into a contract, but it is one that the maker of the statement does not guarantee its truth
a statement of information relating to the whole of your application or to part of it
a statement of information relevant to either an application as a whole or to certain aspects of it
Statements by insurance applicants as to some past or existing fact or circumstance. Such statements must be true to the best of the applicant's knowledge and belief, but are not warranted as exact in every detail.
Statements made by a person in their insurance application, which are considered true to the best of his or her knowledge.
An oral or written statement by an insured of facts or conditions which would induce the insurer to write a policy. May or may not be treated as a warranty.
Statements on an insurance application that the applicant believes are true. A representation is not considered a matter to which the parties contract, so a policy cannot be voided on the basis of a representation.
Written or verbal statements made, either written or verbal, by an applicant during the application process. The applicant must answer such inquiries to the best of their knowledge. These statements are generally used in determining an applicant's insurability and risk level.
Statements made by applicants on their applications for insurance that they represent as being substantially true to the best of their knowledge and belief but that are not warranted as exact in every detail.
Written or verbal statements made during the application process usually relative to the medical or other condition or history of the applicant.
A statement, express or implied, made by one contracting party to the other before or at the time of making the contract in regard to some past or existing fact, circumstance, or state of facts pertinent to the contract which is influential in bringing about the agreement; an allegation of any facts by the applicant to the insurer, or vice versa, preliminary to making the contract and directly bearing upon it, having a plain and evident tendency to induce the making of the policy.
A statement of fact made by the insured or their broker when negotiating insurance with the underwriter.
A statement of fact that induces one to a contract.
A statement by a proposer about the facts relating to the risk proposed for insurance.
A statement or condition made that something is true or accurate.
a written or spoken statement made during contract negotiations.
The acceptance or rejection of an insurance risk and the amount of premium that would be required, is determined by information submitted by the person applying for such insurance. Statements which would normally lead the company to decline the acceptance of a risk, or to charge a much higher rate, are material to the risk and are commonly considered "warranties." All other statements such as the insured's address, etc. are referred to as mere "representations" to distinguish them from the more important statements considered to be "warranties." The penalty for false information on material facts or "warranties" may be voiding of the policy.
oral or written statement made by the insured to the insurer of certain facts or conditions. A material misrepresentation made by the insured may be grounds for the company to cancel, void or alter the policy. A representation does not carry the same force as a WARRANTY.
A statement made on an application for insurance that the applicant represents as correct to the best of his knowledge and belief. See also Warranty.
Statements made by an applicant in an insurance application, which he represents as being substantially true to the best of his knowledge and belief, but which are not warranted as exact in every detail.