Which of the following can void a policy according to concealment or fraud provisions?

Material misrepresentation by the insured can void a policy according to concealment or fraud provisions because it directly relates to the accuracy and truthfulness of the information provided during the underwriting process. Insurance contracts are based on the principle of utmost good faith, meaning both parties must be honest. If an insured party knowingly provides false information or conceals important facts that a reasonable insurer would consider essential in assessing the risk, the insurer has the right to void the policy. This is because the misrepresentation can lead the insurer to underwrite a risk they would have otherwise declined or rated differently, ultimately impacting their decision to provide coverage.

In contrast, failure to pay premiums relates more to contractual obligations rather than misrepresentation. While an insurer might end up canceling or non-renewing a policy due to non-payment, it does not specifically fall under concealment or fraud. The insurer going bankrupt does not void an individual policy; instead, it affects the insurer’s ability to uphold policies. Lastly, accidental damage caused by the insured does not contribute to misrepresentation and therefore does not violate concealment or fraud provisions either.