What is defined as written and/or oral statements regarding a consumer's credit and reputation collected by agencies?

The correct answer, which defines written and/or oral statements regarding a consumer's credit and reputation collected by agencies, is indeed Consumer Reports. These reports provide essential information for insurers and lenders about an individual’s creditworthiness, payment history, and overall financial behavior. Consumer Reports are compiled from various public and private sources to provide a comprehensive view of the consumer's financial reputation.

In the context of life insurance and lending, this information is vital for assessing risk and making informed decisions regarding insurance applications and loans. Agencies that produce these reports often gather data such as payment history on credit accounts, amounts owed, length of credit history, and types of credit used.

The other options pertain to more specific types of reports or assessments. Investigative Consumer Reports include detailed inquiries into an individual's personal and work history, often more invasive and thorough than general consumer reports. Medical Impairment Reports focus specifically on an individual’s health and medical history, which is crucial for underwriting in health and life insurance but does not encompass credit data. Financial Assessment Reports typically refer to documents that analyze an individual's financial situation but do not specifically address the credit and reputation aspect provided by Consumer Reports. Thus, the terminology and breadth of information in Consumer Reports make it the most suitable answer for the given question