Which of the following best describes intentional omission of information in an insurance application?

The intentional omission of information in an insurance application is best described as concealment. In the context of insurance, concealment refers to the deliberate act of not disclosing specific material facts that could influence the insurer's decision to provide coverage or determine policy terms. This omission usually occurs with the intent to deceive the insurance company, affecting the underwriting process and potentially leading to claim disputes later on.

Concealment is significant because it undermines the principle of utmost good faith (uberrima fides) that governs insurance contracts. Insurers rely on applicants to provide accurate and complete information to assess risk properly. When an applicant intentionally conceals relevant information, it can result in voiding the policy, denying claims, or other legal consequences.

Other terms like fraud, negligence, and misrepresentation also relate to dishonesty in insurance but have distinct meanings. Fraud typically implies a broader range of deceitful practices intended to secure an unfair advantage, while negligence refers to a lack of reasonable care in providing information without the intent to deceive. Misrepresentation involves giving false information or an untrue statement rather than omitting information altogether. Therefore, concealment accurately captures the essence of intentionally leaving out information from an application.