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gathered from an underwriting investigation that may include: information from the applicant's medical questionnaire (application), relevant information from the applicant's attending physician, notice of adverse lab test results (non-specific flag as to values), and DMV information. When MIB member insurance companies report to MIB and receive information from MIB, it is done in codes to protect the consumer's privacy. MIB reports are regulated by the
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since 1902. MIB's services are used exclusively by MIB's member life 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. These services "alert" underwriters to errors,
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Once known as the "Medical
Information Bureau" MIB was founded in 1902 by a group of life insurance companies with a desire to create an industry wide database of life insurance and other products. The goal was to share information as a way to protect applicants, insurers, and policyholders from
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The applicant authorizes MIB member insurance companies to search MIB, and as a result, the insurer may report certain medical conditions that impact a person's health or longevity, impacting risk assessment by the company. MIB's database does not contain actual medical records. Information is
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From 1902 through 1945, MIB was governed by a sub-committee of the
Association of Life Insurance Medical Directors of America (ALIMDA). In 1946, MIB was established as an unincorporated association under New York law and, in 1978, it became a Delaware membership corporation.
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for complete disclosure information). Consumers can request an additional free copy if they have had an adverse action taken against them by an insurance company after applying for an insurance policy.
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197:, MIB is categorized as a "nationwide specialty consumer reporting agency" and must provide annual disclosure of an MIB report to all consumers who request their files.
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omissions or misrepresentations made on insurance applications. The information must be verified by a reliable source prior to any underwriting action being taken.
185:, MIB's member companies account for 99 percent of the individual life insurance policies and 80 percent of all health and disability policies issued in the
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and consumers (US and
Canadian) can request disclosure of their MIB report, should they have one, for free once each year (visit
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MIB aims to uncover errors, omissions, misrepresentations on insurance applications to reduce fraud and anti-selection or
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omissions and fraud that prevented the sound and equitable underwriting of life insurance and other products.
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132:) is a membership corporation owned by approximately 430 member insurance companies in the
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293:"Nation's Largest Insurance Reporting Agency Agrees To Expand Consumer Rights"
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MIB Checking
Service, Insurance Activity Index, Follow-Up Service Plan-F
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156:. MIB Group, Inc. is a member-owned corporation operating in the
258:"Consumers Can Check on Data Beyond Their Credit Reports"
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403:Financial services companies of the United States
378:Financial services companies established in 1902
279:"Is MIB the Life Insurance Bad Guy or Good Guy?"
398:Non-profit organizations based in Massachusetts
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408:Companies based in Braintree, Massachusetts
32:Mutual-benefit, not-for-profit corporation.
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393:Insurance companies of the United States
383:1902 establishments in the United States
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295:. Ftc.gov. 2011-06-24. Archived from
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328:"The Mysterious MIB – Not Any More"
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358: This article incorporates
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231:"MIB Group, Inc. Consumer Guide"
256:Carrns, Ann (15 January 2014).
88:MIB Cross Check, MIB Life Index
140:. Formed in 1902 and based in
106:MIB, Inc., MIB Solutions, Inc.
1:
326:Littell, Bob (2000-02-07).
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130:Medical Information Bureau
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233:. mib.com. Archived from
171:Fair Credit Reporting Act
364:United States Government
332:The National Underwriter
183:Federal Trade Commission
142:Braintree, Massachusetts
64:Braintree, Massachusetts
16:Not to be confused with
360:public domain material
18:Motor Insurers' Bureau
80:United States, Canada
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281:. Hinerman Group.
181:According to the
154:adverse selection
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122:MIB Group, Inc.
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277:Hinerman, Ed.
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263:New York Times
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148:Business model
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128:(formerly the
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69:United States
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340:. Retrieved
336:the original
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316:MIBgroup.com
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301:. Retrieved
297:the original
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239:. Retrieved
235:the original
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193:. Under the
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102:Subsidiaries
59:Headquarters
29:Company type
241:10 February
175:www.mib.com
76:Area served
372:Categories
342:2006-08-04
303:2013-10-02
214:References
24:MIB Group
93:Services
85:Products
37:Industry
201:History
111:Website
51:Founded
191:Canada
162:Canada
138:Canada
243:2011
195:FCRA
189:and
160:and
136:and
54:1902
126:MIB
124:or
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222:^
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