home
become a member
annual meetings
journal of insurance issues
past presidents
about WRIA
university RMI programs
announcements
bylaws
 
 

TITLE
"The Cost Effectiveness of The Medical Information Bureau," Journal of Insurance Issues and Practices, Skipper, Harold D., Jr., 1979, Vol. 3, No. 1: 49-60.

ABSTRACT
The Medical Information Bureau (MIB) is an incorporated, non-profit organization which assists in the evaluation of life insurance applicants and to a less extent, claimants. It is supported by, provides information to, and obtains information from over 700 subscriber life insurers. A brief, coded, confidential report on applicants is provided to subscribers with the understanding, according to MIB rules, that the information is confidential and may not be used as the basis for establishing an applicant's eligibility for insurance. Rather, it is to be used as an alert to the need for additional investigation.

The purpose of this study is twofold. First and most important it is to determine the extent of the MIB's cost effectiveness with a view toward providing a measure against which social costs--however they may be defined ultimately by those who establish public policy --may be evaluated. The second, less important purpose is to provide guidance to MIB subscribers on how to take maximum financial advantage of the Bureau files.