One source of life and health insurance underwriting information is an organization that life and health insurance companies can join.As a member,life and health insurance companies report health impairments of applicants,and this information is shared with member companies.Although the information is shared,the underwriting decision of the member company is not disclosed.What is this organization called?
A)Fair Isaac Corporation (FICO)
B)Medical Information Bureau (MIB)
C)National Association of Insurance Commissioners (NAIC)
D)National Association of Mutual Insurance Companies (NAMIC)

Question

Quizplus · Accepted Answer

The organization described is the Medical Information Bureau (MIB), which collects and shares health and medical information about insurance applicants among member companies. The other options (A, C, D) are not relevant to this particular aspect of the insurance industry.

One Source of Life and Health Insurance Underwriting Information Is