Final answer:
The Fair Credit Reporting Act (FCRA) requires insurers to disclose when an applicant's consumer or credit history is being investigated.
Step-by-step explanation:
The Fair Credit Reporting Act (FCRA) requires insurers to disclose when an applicant's consumer or credit history is being investigated. The FCRA is a federal law that protects personal financial information collected by credit reporting agencies. It ensures that individuals are informed when their consumer or credit history is being used to make decisions that may impact them, such as the approval of insurance applications.