When an insurer requests a report from the Medical Information Bureau (MIB) during underwriting, the report is used primarily to:
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
The Medical Information Bureau (MIB) is an industry clearinghouse that codes and stores medical information reported by member insurers from previous life and health insurance applications. Underwriters request an MIB report to check for omissions or inconsistencies with the current application — for example, a condition disclosed on an earlier application but not on the current one. The MIB report does not diagnose or treat the applicant, does not replace the attending physician's statement (which is obtained separately when needed), and has no tax function. If an MIB report contributes to an adverse decision, the applicant must be notified.
Why the other options are wrong
- B) The MIB does not provide diagnoses or treatment plans. It is a coded information-sharing system used by underwriters, not a medical provider giving clinical advice.
- C) The MIB report is a supplementary check and does not replace the attending physician’s statement. The APS is obtained directly from the applicant’s doctor when needed.
- D) MIB reports concern medical information used in underwriting. They have nothing to do with calculating income tax liability or any tax function.
Memory hook
MIB = the industry's shared memory of prior health answers. Red flag checks against what you said before.