David applies for a health insurance policy. He is not aware that he has a heart condition at the time, and he answers NO to the question concerning heart issues. His answer is considered:
Fraud and the insurance company may cancel his policy
Concealment, since he had the condition but did not know about it
A representation, since he was telling the truth to the best of his knowledge
A warranty, since he is swearing that all on the application is true without reservation
Correct
The statement you sign usually indicates that you are making true statements to the best of your knowledge.
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