What are representations in an insurance application?

Representations in an insurance application refer to statements made by the applicant that reflect their true understanding and knowledge regarding the information requested by the insurer. This means that these statements are provided to the best of the applicant's ability to be truthful, clear, and accurate based on their knowledge at the time of the application.

This concept is fundamental in insurance as it establishes the basis for the insurer’s assessment of risk and determination of coverage. While applicants are expected to provide honest and accurate information, it is understood that these representations may contain some degree of uncertainty based on the applicant's perspective.

In contrast, the other options present statements or guarantees that do not align with the nature of representations. For instance, statements made under oath that are always correct suggest an absolute accuracy which representations do not guarantee, and claims requiring further investigation indicate uncertainty rather than a straightforward representation of knowledge.