Which term is the legal term for the intentional withholding of information that will result in an imprecise underwriting decision?

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Concealment is the intentional withholding of information that a reasonable underwriter would consider material to the risk. This means someone deliberately hides facts that would change how much risk the insurer is assuming, which can lead to an imprecise underwriting decision or a policy being voided if discovered. It differs from misrepresentation, which is giving false information, and from representations, which are statements made by the applicant, while warranties are contractual promises. The overarching rule of utmost good faith requires disclosure, but concealment specifically refers to the act of omitting material facts that affect underwriting.