The failure by an applicant to disclose material facts that an insurer does not know but has a right to know is called:
A) misrepresentation.
B) concealment.
C) waiver.
D) fidelity.

Question

Quizplus · Accepted Answer

Concealment refers to the failure to disclose material facts that an insurer has a right to know. It is considered a form of fraud and can lead to the denial of a claim or even the rescission of a policy. Misrepresentation involves providing false information, while waiver and fidelity are unrelated to this question.

The Failure by an Applicant to Disclose Material Facts That