In terms of insurance payout, what does 'perjury' typically refer to?

The term 'perjury' specifically refers to the act of lying or making false statements under oath, particularly during legal proceedings. In the context of insurance payouts, if an individual provides false testimony or information while swearing to tell the truth, this can have severe legal implications and potentially invalidate their claim. Therefore, the concept of perjury directly relates to misrepresentation in court, which can significantly influence the outcome of an insurance case. When someone commits perjury, they are undermining the integrity of the judicial process, and this action can lead to criminal charges as well as the denial of any claims associated with the false testimony.