This course explains the importance of an application for insurance as a request to multiple insurers for offers to provide insurance needed by the applicant. Insurance is a contract, and the insurance contract is a special type of contract. 

The applicant must understand that the application contains multiple representations on which the insurer will rely in making its decision whether or not to insure the applicant. The applicant must understand that when a person lies on an application for insurance, it can be rescinded and dealt with as if it never existed. This course also teaches the basis for the equitable remedy of rescission as it applies to policies of insurance and how to avoid the application of the remedy.

The course covers the following:

1. What an application is and how it is used by an underwriter.
2. The difference between a misrepresentation, concealment, or breach of warranty.
3. The obligation of the applicant to deal fairly and in good faith with the insurer.
4. What is material to an insurance underwriter.
5. That fraud is not required to prove the need for rescission.
6. The general rules with regard to relief for false statements on an application for insurance.