Statements made in an insurance application are considered what due to their uncertain truth?

In the context of insurance applications, statements made by applicants are considered representations. This is because they are assertions made by the applicant regarding their risk profile and relevant facts to the best of their knowledge at the time of applying for insurance. Representations are generally viewed as true unless the insurer can demonstrate that the statements were made with knowledge of their falsehood, or that they were made recklessly.

Unlike warranties, which are promises that certain conditions will be met and are typically absolute in nature, representations allow for some level of uncertainty. This means that they are not guaranteed to be 100% accurate but are expected to be truthful to the applicant's knowledge. Similarly, guarantees imply an unconditional commitment, which is not applicable in the context of insurance applications. Declarations are usually more about the formalization of the agreement and specifics of the insurance policy rather than statements of truth about the risk in question.

Therefore, representations accurately describe the nature of the statements in an insurance application as they operate within the realm of uncertainty regarding their truthfulness.