MIB GROUP: MEDICAL INFORMATION BUREAU

An agency established in 1902 by physicians who were medical directors for 15 life insurance companies in an effort to reduce insurance fraud in the underwriting of individual life/health/disability insurance applications. All responses on a policy application are subject to submission to the MIB, an independent entity that collects and stores medical data on life and health insurance applicants. This information is exchanged among member insurance companies with written authorization of the insured. Its purpose is to prevent applicant fraud and to help insurers discover withheld information that may be contained in the database.

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