Final answer:
The specific law mandating explanation of insurance claim denials is not provided among the options. The Fair Claims Practices Act, though not listed, is closest to requiring insurers to offer an explanation for claim denials. Option d
Step-by-step explanation:
When an insurance claim is denied, the insurer is generally required to provide a reason for the denial. The specific law that would require an insurer to explain their reasons for denying coverage is not listed among the options provided in the question, as none of the acts mentioned directly mandate an insurer to disclose the reasoning behind a claim denial.
However, it's worth noting that the closest related regulation could be the Fair Claims Practices Act, a model act that individual states may adopt to regulate how insurance claims should be handled, which includes stipulations that insurers must provide a reason for a claim denial to the insured party.
The other acts cited, such as the Fair Credit Reporting Act (FCRA), the Fair Debt Collection Practices Act (FDCPA), the Employee Retirement Income Security Act (ERISA), and other federal laws, address different areas of consumer protection and financial practices, but do not explicitly cover insurance claim denials. Option d