Which term describes the violation of expectations set by policyholders that can void the validity of an insurance contract?

The correct term that describes the violation of expectations set by policyholders that can void the validity of an insurance contract is known as "Breach of Warranty." In the context of insurance, a warranty is a statement or promise that is part of the insurance contract. When a policyholder breaches this warranty—meaning they fail to comply with the specific conditions it outlines—this can lead to the insurer voiding the insurance contract. This aligns with the principle that warranties are fundamental aspects of the contract that must be adhered to for the insurance coverage to remain in effect.

The other terms, while relevant in various contexts of insurance, do not capture the specific violation of trust established in the policy:

• Fraud involves intentional deception to secure unfair or unlawful gain, but it does not specifically refer to the terms and conditions set by the policyholder that can lead to a contract being voided.

• Estoppel is a legal principle that prevents a party from asserting something contrary to an established fact or position that has been assumed by another party. However, it does not specifically pertain to the standards expected by policyholders in their contracts.

• Reasonable Expectations refers to a doctrine used in insurance that protects the policyholder's expectations of coverage as expressed in the policy, but it