New York Child Abuse Identification and Reporting Practice Exam

What information does a MIB report provide?

1. Financial history of the applicant

2. Medical information on an applicant for assessing life or health insurance risk

3. Employment history of the applicant

4. Criminal record associated with medical claims

The correct answer is: Medical information on an applicant for assessing life or health insurance risk

A MIB report provides valuable medical information on an applicant, which is essential for assessing life or health insurance risk. The Medical Information Bureau (MIB) is an organization that maintains databases about the medical conditions and treatment histories of individuals. Insurance companies use these reports during the underwriting process to help them determine the risk associated with insuring an applicant. The details contained in the MIB report include past medical diagnoses, treatments received, and significant health history that may influence an insurer's decision on coverage and premium rates. This information allows insurers to make informed decisions and prevent fraud by verifying the accuracy of the information disclosed by the applicant regarding their health. Other options, such as financial history, employment history, and criminal records related to medical claims, do not accurately represent the primary function of a MIB report. Each of those categories pertains to different aspects of an applicant's background that may be assessed separately during the insurance underwriting process, but they are not the central focus of the MIB's medical reports.