Nick is applying for insurance with Security Insurance Company on certain pieces of his business property. In the application, however, Nick fails to disclose various material facts that Security Insurance Company does not know but has a right to know. Nick was committed:

a. concealment.

b. fidelity.

c. misrepresentation.

d. waiver.

a. Concealment

Explanation: Nick has committed concealment. A concealment is the act of hiding or not putting forward any relevant information that need to be revealed to an isurer. This usually could affect the terms of the policy. This also includes situations in which an insurance company does not put forward question about the information directly. Intentionally or unintentionally the act may lead to loss to the insurer.

Insurance policies generally put together concealment and misrepresentation (a false statement of a material fact made by one party which affects the other party's decision in agreeing to a contract) in order not to void or alter a contract.

3rd the reason why is because of management and leadership