Connecticut Life Producer Practice exam

What distinguishes an investigative consumer report from a standard consumer report?

1. Investigative reports focus solely on financial data

2. Investigative reports are obtained through investigation and interviews

3. Standard reports include information gathered from the internet

4. There is no difference between the two types of reports

The correct answer is: Investigative reports are obtained through investigation and interviews

An investigative consumer report is distinguished from a standard consumer report primarily by its method of data collection. While a standard consumer report typically compiles information from public records, credit history, and other readily available sources, an investigative report involves a more in-depth approach. It is often derived from personal interviews and investigations that gather detailed background information about an individual, which may include social connections, character assessment, and lifestyle details. This extensive process allows the investigative report to provide insights that are not solely focused on financial data or easily accessible public records. Therefore, the method of gathering this information—through interviews and investigations—is what clearly sets it apart from the more straightforward, data-driven standard consumer reports.