Final answer:
Part III of a health insurance application usually deals with the applicant's health conditions, prior insurance coverage, and consent for medical record release.
Step-by-step explanation:
Part III of a health insurance application typically contains sections that require detailed information regarding the applicant's existing health conditions, any previous health insurance coverage, and consent to release medical records. This portion is crucial for the insurance provider to assess risk and determine the terms of coverage, which may include considerations for preexisting conditions. With the changes suggested by the Trump administration, elements such as the employer and individual mandates and coverage for the uninsured are under review, potentially altering the requirements of health insurance applications in the future.