LLQP Accident & Sickness · Component 3.1 · 25% of the exam
The 'MIB' (Medical Information Bureau) in underwriting is:
- AA credit bureau that reports the applicant's payment history to insurers on request
- BA government health database that holds provincial medical records for insurers to consult
- CAn industry claims database that lists every disability claim paid by Canadian insurers
- An industry exchange of coded prior-application data, without medical records, used to detect omissions
Correct answer: D) An industry exchange of coded prior-application data, without medical records, used to detect omissions
MIB codes flag areas for further inquiry. Applicants must be notified and can request their file.
Why the other options are wrong
- AIt is not credit-related.
- BIt is an industry body, not government.
- CIt holds application codes, not claims.
Exam tip
MIB: coded application data shared among insurers; notice to applicant required.
Common mistake
Believing the MIB contains full medical records.
What this tests
CISRO competency component 3.1 — Implement a recommendation adapted to the client's needs and situation — which is weighted at 25% of the Accident & Sickness module. Written against the published curriculum.
More from component 3
- An underwriter assigns a disability applicant to occupational class 2 rather than class 4. The practical effect is that:
- A disability applicant discloses a back condition that resolved four years ago with no recurrence. The likely underwriting outcome is:
- Financial underwriting for an individual disability application exists to:
- A critical illness applicant's mother and sister both had breast cancer before fifty. The underwriter is likely to:
- An applicant for long-term care coverage is seventy-two. The insurer is most likely to require:
- Group long-term disability coverage within the non-evidence maximum is issued without individual medical questions because:
Practice the whole Accident & Sickness module
Timed sets weighted like the exam, and review of every question you miss. Free to start.