1. Under the federal Fair Credit Reporting Act, if an insurer takes adverse action based on a consumer report it must:

Notify the consumer and identify the reporting agency

FCRA requires that consumers receive notice of adverse action and the source of the report used.

2. Under 18 USC 1033 and 1034, a person convicted of a felony involving dishonesty:

Is prohibited from working in the business of insurance without written consent of a regulator

Federal law bars persons convicted of breach-of-trust felonies from the insurance business absent written regulatory consent.

3. The Gramm-Leach-Bliley Act primarily requires financial institutions to:

Provide privacy notices and protect nonpublic personal financial information

GLBA requires privacy notices and safeguards for consumers' nonpublic personal financial information.

4. Under federal anti-money laundering rules, an insurer that sells covered products such as cash-value life and annuities must:

Maintain an AML compliance program and report suspicious activity

Insurers offering covered products must adopt an anti-money laundering program and file suspicious activity reports under the Bank Secrecy Act and USA PATRIOT Act.