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

Question

Quizplus · Accepted Answer

Concealment refers to the failure of the applicant to disclose relevant information that the insurer has a right to know and would consider material to the decision to provide coverage. This can affect the insurer's decision on whether to offer insurance and on what terms.

The Failure by an Applicant to Disclose Material Facts That