According to the Information and Privacy Protection Act, how many business days must an insurer provide personal information after an adverse underwriting decision?

Under the Information and Privacy Protection Act, insurers are required to provide individuals with their personal information within a specified timeframe following an adverse underwriting decision. The correct answer, which is 30 business days, aligns with the legislation's aim to ensure transparency and consumer rights in the insurance process. By mandating this timeframe, the law allows individuals ample opportunity to understand the reasons behind the adverse decision and to take appropriate actions, such as requesting corrections or clarifications regarding their personal information.

This requirement reflects a broader commitment to protecting consumer privacy and ensuring that individuals have access to information that impacts their insurance coverage and financial well-being. Keeping the timeframe within 30 days strikes a balance between the insurer's need to operate efficiently and the consumer's right to be informed.