What does MIB mean? Read on to discover the definition & meaning of the term MIB - to help you better understand the language used in insurance policies.
The Medical Information Bureau (MIB) is a non-profit organization that stores the health or medical information of people who were previously insured. Insurance companies in the U.S. use this information to determine the premium price for individual health and life insurance policies.
We hope the you have a better understanding of the meaning of MIB.