West Virginia State Life Insurance Practice Exam

Medical information from the Medical Information Bureau (MIB) can be shared with whom?

1. Insurance regulator

2. Applicant's physician

3. Insurance company only

4. Producer only

The correct answer is: Applicant's physician

Medical information from the Medical Information Bureau (MIB) can be shared with the applicant's physician because this practice facilitates transparency and communication regarding health-related matters. The primary purpose of the MIB is to provide a central database of health information that insurance companies can access to assess risk and determine insurance eligibility. However, when it comes to the applicant's physician, sharing this information allows the physician to have a complete understanding of the applicant's medical history, which can aid in treatment decisions and ensure that the applicant is receiving appropriate medical care. Disclosures to insurance regulators, insurance companies, or producers are governed by specific regulations and privacy concerns, and they do not typically involve direct interaction with the applicant’s personal healthcare provider in the same manner as with the physician. Thus, the collaboration with the applicant’s physician is essential for comprehensive patient care and aligns with the ethical sharing of medical information for health management.