What term refers to untrue statements made in an application for insurance?

The term that refers to untrue statements made in an application for insurance is "misrepresentations." In the context of insurance, misrepresentations are specific false statements made by the applicant regarding material facts, which can influence the insurer's decision to provide coverage or determine premiums. Insurers rely on accurate information to assess risk, and any misleading statements can lead to serious consequences, such as denial of a claim or rescission of the policy.

Understanding the distinction between misrepresentations and other similar terms is important. Fraud typically involves a deliberate intent to deceive and may have legal implications beyond the insurance context. While it can encompass misrepresentations, not all misrepresentations are considered fraud if there is no intent to deceive. Misperceptions and deceptions, on the other hand, do not specifically align with the defined legal and insurance terms used to describe untrue information on applications. Therefore, the correct term to describe untrue statements in an insurance application is "misrepresentations."