An insurance company may require an applicant to give the company permission to access the applicant's private medical records and credit ratings, for the purpose of evaluating the risk.

Question

Quizplus · Accepted Answer

It is common for insurance companies to review an applicant's medical history and creditworthiness to evaluate the risk of insuring them. This information helps the company determine the likelihood of the applicant making a claim and how much to charge for premiums. However, the applicant must give explicit consent for the company to access this information.

An Insurance Company May Require an Applicant to Give the Company