For what purpose is the information from the Medical Information Bureau shared?

The information from the Medical Information Bureau (MIB) is primarily shared for underwriting and claim purposes. The MIB collects and maintains a database of medical records and health-related information from various insurers. This data is used by insurers to assess risk when evaluating applications for insurance coverage, making it crucial for determining eligibility, setting premiums, and processing claims.

Underwriting is the process where insurers evaluate the risk of insuring an applicant based on their health history, which is where the MIB plays a significant role. By providing insurers with this information, the MIB helps to ensure that insurance companies can make informed decisions about the financial risk associated with a particular applicant.

Using the information from the MIB for purposes other than underwriting, such as marketing insurance products or offering health consultations, would not align with the organization's primary role, which is focused strictly on helping insurers evaluate potential policyholders more accurately.