Question

What nonprofit industry group and consumer reporting agency maintains a database of medical information exchange by the life health and disability insurers that make up its membership?

A. Medical Information Bureau

B. CCHIT

C.Electronic Health Organization

D.Medical Systems Care

Answer 1

The correct answer is letter A.

Medical Information Bureau (MIB) is a non-profit industry group that maintains a database of the insurer's medical information (such as applicant's medical conditions and medical exams, financial conditions and lifestyle) to protect both the applicant and the insurer of an insurance policy. Based on the information provided by the MIB, the insurance company is able to offer an insurance at a reasonable price and also identify frauds or misrepresentation.

Answer 2

The answer is A: Medical Information Bureau.

When insurance companies require more detailed information about a person's health backgound and any other health issue relating to their family, the Medical Information Bureau is able to provide such data. The goal of MIB is to help both the insurance company and the consumers to reach what is affordable for life and health insurance coverage.