What information are members of the Medical Information Bureau required to report?

Members of the Medical Information Bureau (MIB) are specifically required to report adverse medical information about individuals. This information includes data that could indicate potential risks or issues in an individual's health history, which can impact insurance underwriting decisions. The MIB plays a crucial role in helping insurance companies assess the insurability of applicants by sharing relevant medical facts, including conditions, treatments, and diagnoses that may negatively affect a person's health profile.

This reporting structure is essential for maintaining consistency and accuracy across insurance products, ensuring that companies have access to comprehensive medical histories when evaluating potential policyholders. Therefore, emphasizing the collection and reporting of adverse medical information highlights the importance of transparency and risk management in the insurance industry.