What requirement is often found in cyber policies regarding representations?

Cyber insurance policies often include a requirement that representations made by the insured must be accurate and correct. This is crucial because the insurer relies on the information provided during the underwriting process to assess risk and determine coverage. If the representations are inaccurate or misleading, it could result in denied claims or cancellation of the policy. Insurers expect transparency and honesty from policyholders, as any misrepresentation could materially affect the insurer's decision-making. Therefore, having accurate and correct representations is vital within the context of a cyber policy, ensuring that the risk assessments and coverage decisions align with the actual circumstances of the insured party.