Medical Information Bureau (mib)
Definition of "Medical information bureau (mib)"
Central computerized facility that keeps on file the health history of the applicants for life and health insurance with member MIB companies. For example, the health record of an applicant for insurance with a member MIB company in Atlanta, Georgia, is available to another member MIB company in Shreveport, Louisiana. The MIB was organized to guard against fraud by applicants.
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