What is the name of the law that requires insurers to disclose information gathering practices and where the information wasे obtained?
A. O State Guaranty Association
B. O Fair Credit Reporting Act
C. O Fair Labor Standards Board
D. O National Association of Insurance Commissioners

The law you’re looking for is the Fair Credit Reporting Act (B). Enacted in 1970, this legislation promotes accuracy, fairness, and privacy of information in the files of consumer reporting agencies. It also mandates that insurers and other financial institutions disclose their information-gathering practices, ensuring that consumers are aware of where their data is coming from.

If you’re ever in doubt about your rights under this law, knowing you can request a free copy of your credit report once a year from each of the major credit bureaus can be a game-changer. This helps you keep track of any inaccuracies and ensures that your data is being handled properly. Just remember, knowledge is power!