Unlocking the Role of the Medical Information Bureau (MIB) in Insurance Risk Assessment

The Medical Information Bureau (MIB) is formed by:A. Medical professionalsB. EmployersC. The GovernmentD. Insurance companies

Insurance companies*The MIB is a member-owned corporation that operates on a not-for-profit basis in the United States and Canada. The MIB’s Underwriting Services are used exclusively by MIB-member life and health insurance companies to assess an individual’s risk and eligibility during the underwriting of life, health, disability income, critical illness, and long-term care insurance policies.

D. Insurance companies.

The Medical Information Bureau (MIB) is a nonprofit organization formed by insurance companies in North America. Its primary purpose is to gather and maintain information on the health and medical histories of individuals who have applied for health, life, or disability income insurance. The information gathered by MIB is used by insurance companies to evaluate the risk associated with insuring an individual and to determine whether or not to offer insurance coverage to that individual.

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