Which term refers to the responsibility of the insured to provide accurate information in the insurance application?

The term that refers to the responsibility of the insured to provide accurate information in the insurance application is representations. In the context of insurance, representations are statements made by the insured which are believed to be true to the best of their knowledge when applying for insurance coverage. These can include information about the property, risks involved, and other relevant details that could affect the underwriting decision of the insurer.

When an insured makes representations, they are affirming that the information they provide is accurate. If it is later found that the insured provided false or misleading information, the insurer may have grounds to deny a claim or to void the policy altogether. This underscores the importance of the insured being truthful and thorough in their applications, as it directly impacts the validity of their coverage.

In contrast to this, concealment refers to the act of hiding or not disclosing pertinent facts that should have been revealed, which can be seen as a violation of the duty of disclosure. Waiver and estoppel pertain to legal principles that involve the relinquishment of a right or ability to assert a claim or defense, generally in a more complex context of contract law and not specifically related to the application process.