An insurance company needs to obtain personal information from third part concerning an applicant which law do all insurers and their producers need to comply with Fair credit reporting act.
The Fair Credit Reporting Act, of U.S.A. is that allows customers the right to get knowledge on the substance, nature and sources of information collected on him and if already have any corrected information on him gets re-investigated.
The Fair Credit Reporting Act (FCRA) is a that federal law which regulates the collection of consumers' credit information and access to their credit reports also.
It was passed in 1970 to address the accuracy, fairness and privacy of the personal information contained in the files of the credit reporting agencies.
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