What are representations made by the applicant considered to be?

Representations made by the applicant are considered to be true to the best of the applicant's knowledge. This means that when an applicant provides information during the application process, they are expected to disclose facts as accurately and honestly as they can based on their personal understanding and awareness. This principle is fundamental in the practice of insurance because it forms the basis for the insurer's decision to accept or reject the application, as well as to determine the terms of the policy.

The emphasis on "to the best of the applicant's knowledge" underscores that while the information provided is expected to be truthful, it does not hold the same weight as a legally binding statement; rather, it reflects the individual's belief in the accuracy of their disclosures. It is essential for applicants to understand that misrepresentations or omissions can potentially result in consequences such as claim denial or policy cancellation, but these impacts are more about the nature of the information rather than an outright legal commitment.