What statement is guaranteed to be true and may breach an insurance contract if found untrue?

A warranty is a statement that is guaranteed to be true and could potentially breach an insurance contract if it is found to be untrue. In the context of an insurance contract, a warranty is a promise made by the insured that certain conditions regarding the subject of the insurance policy will be adhered to. If a warranty is not fulfilled or is incorrect, it can give the insurer the right to cancel the policy or deny a claim, as it is treated as a critical part of the contract.

In contrast, representations, conditions, and disclosures do not carry the same legal weight. Representations may be statements made by the applicant that are believed to be true at the time they are made but can sometimes be adjusted based on the facts. Conditions refer to specific requirements or actions that must be fulfilled for the contract to remain valid but do not guarantee truthfulness in the same manner as a warranty. Disclosures involve revealing information but do not carry the same consequence of breaching the insurance contract if found untrue. Thus, the definition and implications of a warranty within an insurance context solidify it as the accurate choice.