A representation in insurance can be altered or withdrawn until when?

In the context of insurance, representations are statements made by the applicant that are believed to be true to the best of their knowledge and are important in the underwriting process. A representation can be altered or withdrawn up until the point before the policy is issued. This is because, at that stage, the insurer has not yet accepted the risk and finalized the terms of coverage.

Once the policy is issued, the representations become part of the binding agreement between the insurer and the insured. They can no longer be altered without going through the process of policy amendment, which typically requires mutual consent from both parties. This highlights the importance of ensuring that all the information provided by the applicant is accurate and complete before the policy issuance, as it fundamentally shapes the insurer's risk assessment and exposure.

In contrast, the other options either suggest situations that do not align with general insurance practices, such as altering representations after a policy has been issued or only being able to do so with the policyholder's consent, which are not applicable in the same manner. Understanding when a representation can be altered is crucial for both insurers and applicants to maintain transparency and trust in the insurance process.