MIB Inc. Medical Information  Bureau

P.O.  Box 105. Essex Station

Boston, MA 02112

(617) 426-8209;3660

DESCRIPTION OF THE MEDICAL

INFORMATION BUREAU (MIB, INC.)

MIB, Inc. is a nonprofit, incorporated association formed to conduct a confidential interchange of information between officers of the member life insurance companies. This interchange enables MIB member companies to protect the interests of insurance consumers, as well as the interests of life insurance providers.

MIB was organized in 1902 to disclose situations where applicants either forget or conceal pertinent underwriting information, or submit fraudulent information. MIB protects consumers against possibly higher premium costs which would be necessary if these forgetful or dishonest applicants were too often successful.

MIB member Companies are required to report a brief, coded resume to the MIB of the relevant results of the medical investigation made at the time of application. Sometimes, non-medical information of a very restricted nature regarding insurability may also be reported. However, member companies are not allowed, per MIB's Rules, to ever report information which results from claims made on life, health and disability insurance.

An MIB report does not indicate the action that may have been taken in regard to any application for insurance. Therefore, an MIB report does not indicate whether an application for insurance is issued, rated or declined. Furthermore, the MIB report does not indicate the action taken as to any claim submitted. In no case does an MIB report exist unless an insurance application has been made to a member company.

All reports more than seven years old are eliminated. All information received by member companies through the MIB will be held confidential and will be kept in such a manner that its confidential character will be maintained. Only member companies may have access to MIB's record information; it is not released to nonmember companies, to credit or consumer reporting agencies or to governmental agencies who do not have a court order or authorization from the subject. In fact, it is released to a member company only after you have given your written authorization to that company to contact MIB as an informational source in connection with a current, pending application for coverage that you have submitted.

If you question the accuracy of information in the Bureau's file, you may write MIB and seek a correction in accordance with the procedures set forth in the federal Fair Credit Reporting Act of 1970.