What right does an applicant have when an investigative consumer report is used in the underwriting process for accident and health insurance?

When an investigative consumer report is used in the underwriting process for accident and health insurance, the applicant has the right to receive a copy of the report. This right is established under the Fair Credit Reporting Act (FCRA), which regulates the use of consumer information and requires that individuals are informed of the nature and scope of their credit reports or investigative consumer reports.

This protection is important because it allows applicants to understand the information that is being used by insurers to make decisions about their coverage. Receiving a copy of the report enables applicants to identify any inaccuracies or outdated information, fostering transparency in the underwriting process and empowering consumers to ensure the information being used against them is accurate.

The other options do not specifically align with the provisions set forth by the FCRA regarding consumer rights in relation to investigative reports. Hence, while they may be relevant in different contexts, they do not pertain directly to the right that applicants have concerning investigative consumer reports in the underwriting process.