What is it called when a person knowingly presents false information on an insurance application with intent to deceive?

The act of knowingly presenting false information on an insurance application with the intent to deceive is classified as fraud. This term is specifically used to describe situations where an individual intentionally provides misleading information to gain an unfair advantage or benefit, such as receiving a lower premium or obtaining coverage that they would not be eligible for otherwise.

Fraud in the insurance context is a serious offense, as it undermines the integrity of the insurance system and can lead to significant financial losses for insurance companies. This practice can also have legal consequences for the individual involved, including potential criminal charges, civil penalties, and denial of coverage.

While misrepresentation might seem similar, it does not always involve the same level of intent to deceive as fraud does. Negligence refers to failure to take reasonable care, and discrimination refers to unfair treatment based on characteristics such as race or gender, making them less relevant in this context.

Therefore, fraud accurately captures both the act of providing false information and the underlying intention to deceive for personal gain in the insurance application process.