What does the copy of the application provision state?

The copy of the application provision states that the information in the application is a representation. This is significant because when a person applies for insurance, they provide information that the insurer relies upon to make underwriting decisions. Stating that the information is a representation indicates that the applicant believes it to be true, but it may not carry the absolute guarantee of a warranty, which implies a higher standard of accuracy.

A representation means that the applicant is expected to provide honest and accurate information to the best of their knowledge, but there is an understanding that some inaccuracies may be permissible as long as they do not materially affect the risk. This provision protects both the insurer, by ensuring they have a basis on which to assess risk, and the applicant, by preventing claims denial based solely on minor misstatements or errors in the application.