Final answer:
The Fair Credit Reporting Act requires the insurance company to supply the denied applicant with the name and address of the consumer reporting company that provided the information leading to the denial. The correct option is A.
Step-by-step explanation:
An applicant who is denied insurance due to information on a consumer report is entitled to certain disclosures under the Fair Credit Reporting Act (FCRA), which is a federal law.
Under this act, the insurance company is required to provide the applicant with the name and address of the consumer reporting company that supplied the report. This enables the consumer to verify or contest the accuracy of the information that led to the denial of insurance.
The FCRA was enacted to ensure the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. The act also aims to protect consumers from the misuse of their credit report information.
It's important for consumers to be aware of their rights under the FCRA to maintain and monitor their credit histories effectively and safeguard their financial and personal information.