Under the Fair Credit Reporting Act, for what purposes can credit reports be obtained?

Under the Fair Credit Reporting Act, credit reports can be obtained primarily to evaluate the financial and moral status of an applicant. This is crucial for insurance companies when underwriting policies, as they need to assess the risk associated with insuring an individual. Information contained in credit reports can give insurers insights into an applicant's creditworthiness, payment history, and overall financial responsibility.

This aspect is vital as it helps insurers make informed decisions regarding policy issuance, premium pricing, and whether to insure the applicant at all. The focus on financial and moral status encompasses the understanding that past financial behavior can be indicative of future risk in insurance contexts, hence making it a primary reason for accessing such reports.

The other options, while related to risk assessments in various ways, do not correctly reflect the specific intent under the Fair Credit Reporting Act for which credit reports may be utilized.