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An applicant's medical information received from the Medical Information Bureau (MIB) may be furnished to the: A) Insurance company B) Applicant's employer C) State insurance department D) Other applicants
An applicant's medical information received from the Medical Information Bureau (MIB) may be furnished to the: A) Insurance company B) Applicant's employer C) State insurance department D) Other applicants
Final answer:The Medical Information Bureau (MIB) may furnish an applicant's medical information to the insurance company that requested it, with strict guidelines to protect privacy.Explanation:An applicant's medical information received from the Medical Information Bureau (MIB) may be furnished to the insurance company. The MIB serves as a central database of medical information shared among insurance companies to help manage risk and combat fraudulent claims. It is pertinent that such sensitive information is handled with strict confidentiality. The MIB's data sharing practices are governed by stringent guidelines to ensure that medical privacy is maintained and that information is not improperly disclosed to unauthorized entities like an applicant's employer, the state insurance department, or other applicants. The protection of consumer data is a critical aspect of the insurance industry, highlighting the delicate balance between an insurer's need to assess risk effectively and the necessity of safeguarding an individual's private information....