Material misrepresentation
In one sentence
An inaccurate application answer important enough that the insurer can use it to deny a claim or void the policy.
If an application statement was false and 'material' (it would have changed the insurer's decision), the carrier may rescind coverage or deny a related claim. Optimistic answers about controls you don't actually have are the classic trap.
Why it's on your cyber insurance application
The core reason to answer accurately and keep evidence for every 'yes' you sign.
The written evidence carriers accept
A “yes” on the application needs a document behind it. In the Readiness Pack, that document is:
Related terms
Would you pass this question today?
The free Readiness Check scores you across the ten control domains carriers probe, in five minutes, no email required for the score.