Question

All statements in an insurance application, in the absence of fraud, are considered _____

Answer 1

All statements in an insurance application, in the absence of fraud, are considered presumed true and accurate.

Step-by-step explanation:

In the context of insurance applications, all statements are considered presumed true and accurate in the absence of fraud. This means that the insurance company will assume that the information provided by the applicant is correct and will base their decisions and coverage on that information.