Montana State Life Insurance Practice Exam

The correct answer pertains to an insurer's right to request a consumer report, which is governed by laws and regulations designed to protect consumer privacy and ensure fair use of information. An insurer can request a consumer report when appropriate notification has been given to the individual, allowing them to be informed that their information is being accessed. This fundamental principle underlies the ethical and legal standards that insurance companies must adhere to when gathering personal information.

While consent is also a factor in many situations regarding consumer reports, it is important that this consent is obtained under the right circumstances, following proper notification protocols. The option mentioning that the individual was informed and contacted aligns with these necessary steps, emphasizing the insurer's obligation to be transparent in their data collection practices.

In contrast, the other options represent scenarios that would not universally authorize an insurer to obtain a consumer report. Collecting reports about minors typically has stricter regulations, and a good credit score does not in itself provide grounds for a report request without further context, such as the individual’s consent or notification.