What must be included in an application form for an insurance policy?

The correct answer is the inclusion of previous claims history in an insurance application form. This information is vital for insurers to assess the risk associated with the applicant. A history of past claims can indicate the likelihood of future claims, allowing the insurer to evaluate the applicant's risk profile accurately. The insurer uses this data to determine premiums, policy coverage, and eligibility for specific coverage types.

While personal references, business location, and projected growth may be relevant in various contexts, they are not typically required in standard insurance application forms. Personal references do not provide quantifiable risk information related to insurance, business location may be a factor in some cases but is not universally applicable, and projected growth is not a critical metric for determining the insurability or risk level of an applicant. Thus, including previous claims history is essential to ensure that the insurance company can make informed underwriting decisions.