MIB is a non-profit membership corporation created by insurance companies to protect themselves against fraud by sharing information. The information also helps companies underwrite a policy (determine whether to issue you a policy, and, if so, for what premium). MIB also shares information about claims filed under disability policies. Instead of being about underwriting, this sharing is to permit coordination of disability benefit payments.

What the MIB has on file about you is important. Despite your health condition, you can still apply for Health Insurance, Life Insurance and possibly even Disability Income Insurance and Long Term Care Insurance. If you do, the insurance company will request a report from the MIB about you.

If there is an inconsistency between your application and what the MIB says about you, the insurer will want to know why - either by asking you or other sources.

You can learn what MIB knows about you for low cost, and possibly for free. 

If MIB's information is incorrect, you have a right to correct it.

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