Principios Generales de SegurosPregunta 583 de 716
Under the Fair Credit Reporting Act (FCRA), when an insurer obtains a consumer or investigative report on an applicant, the applicant:
a.Has no rights whatsoever concerning the report and cannot even be told that such a report was requested
b.Must be notified and has the right to know the nature and scope of the investigation
c.Automatically fails the underwriting process
d.Must personally pay for the cost of the report
Explicación
The FCRA requires that applicants be told a report may be obtained and gives them the right to learn its nature and scope. The report neither disqualifies them automatically nor is billed to them.
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Preguntas relacionadas de este tema
- The producer's role in field underwriting includes:
- The Medical Information Bureau (MIB) assists insurers by:
- In using MIB data, an insurer may NOT:
- If an insurer takes adverse action (declines or rates coverage) based on a consumer report, the FCRA requires the insurer to:
- An investigative consumer report differs from an ordinary consumer report because it:
- HIPAA privacy rules require insurers to:
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)