State RegulationsAZ specificDifficulty 2/5
A life settlement provider in Arizona wants to share an applicant's medical records with a potential funding entity evaluating the transaction. Under A.R.S. 20-3205, what is required?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under A.R.S. 20-3205, an applicant's medical and financial information may be disclosed only as authorized for the settlement process, so the provider needs an authorization that covers release for the evaluation. This keeps the applicant in control of sensitive records throughout the transaction.
Why the other options are wrong
- B) Providers are bound by the privacy protections of A.R.S. 20-3205; there is no provider exemption.
- C) The governing mechanism is the applicant's authorization, not a court order.
- D) The Director's permission is not required for authorized disclosures of settlement applicant information.
Memory hook
Authorization first, then the records move.