Which federal law allows an insurer to obtain an inspection report on a potential insured?

The Fair Credit Reporting Act (FCRA) is the correct choice as it provides the legal framework that allows insurers to obtain inspection reports or consumer reports about potential insured individuals. Under the FCRA, insurance companies can request reports that give them insight into the individual's credit history, driving records, and other personal information relevant to assessing risk for coverage.

This legislation is designed to promote fair and accurate credit reporting while also ensuring consumer privacy. Insurers must adhere to specific guidelines when using consumer reports, including obtaining permission from the applicant before seeking such reports and providing the applicant with information about how they can dispute inaccuracies.

The other options are related to health insurance but do not focus on the ability of insurers to obtain inspection reports. The Health Insurance Portability and Accountability Act (HIPAA) mainly addresses the privacy and security of health information. The Affordable Care Act (ACA) primarily focuses on healthcare coverage and access rather than underwriting practices. The Consumer Protection Act involves regulations meant to protect consumers from unfair or deceptive business practices but does not pertain specifically to inspection reports for insurance purposes.