Which of the following statements concerning the Medical Information Bureau is correct?

A. The Medical Information Bureau report must be attached to each life insurance policy issued.
B. All applicants for life insurance receive a copy of the findings of the life insurance medical examination.
C. The Medical Information Bureau assists underwriters in evaluating and classifying risks.
D. Information contained in the Medical Information Bureau report is available to all physicians.

Question

16-07-2024
Medicine

Answered

Which of the following statements concerning the Medical Information Bureau is correct?

A. The Medical Information Bureau report must be attached to each life insurance policy issued.
B. All applicants for life insurance receive a copy of the findings of the life insurance medical examination.
C. The Medical Information Bureau assists underwriters in evaluating and classifying risks.
D. Information contained in the Medical Information Bureau report is available to all physicians.

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-16T16:18:02-04:00

Final answer:

The Medical Information Bureau assists underwriters in evaluating and classifying risks.

Explanation:

The correct statement concerning the Medical Information Bureau is:

C. The Medical Information Bureau assists underwriters in evaluating and classifying risks.

The Medical Information Bureau provides valuable data to insurance underwriters to help them assess the risks associated with potential policyholders. This assists in making informed decisions on issuing insurance policies.

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