As a nationwide specialty consumer reporting agency under the federal Fair Credit Reporting Act (FCRA), MIB provides US consumers with the rights, protections and privileges available under FCRA. In addition, MIB also provides substantially equivalent rights to Canadian consumers.
Therefore, there is no charge to request a copy of your MIB Consumer File (if one exists) once per year directly from MIB.
In addition, in the event that you have received an adverse underwriting decision letter from an insurer indicating that an MIB record influenced the underwriting process which resulted in your application being rated or declined, then MIB will provide you with a free copy of your MIB Consumer File in addition to your free annual copy.
Before requesting your free disclosure, you should know that you will not have an MIB Consumer File unless you have applied for individually underwritten life, health, disability income, long-term care or critical illness insurance within the past 7 years and the insurance company to which you applied (or its reinsurer) was an MIB member company that submitted an MIB inquiry with your authorization. Therefore, you may not have an MIB Consumer File if: (i) you applied for insurance more than 7 years ago; or (ii) you applied for insurance that was not individually underwritten (for example, group insurance or guaranteed issue life, or ACA-based health insurance); or (iii) you applied to an insurance company that was not an MIB member.
As a practical matter, people who are in good health, approved for a policy as a standard or preferred risk, typically will not have any information reported to MIB.
MIB's disclosure process requires you to provide your personal identification information to assist us in locating your MIB Consumer File, should one exist. The ID information you supply will be validated with other consumer reporting agencies.
Additionally, you will be asked to certify under penalty of perjury that the information you provide to MIB is accurate and complete and that you are requesting disclosure of your own MIB Consumer File and not someone else's.
Only you can request an MIB Consumer File on yourself. You may not request the MIB Consumer File of a spouse, relative or any deceased individuals. Use MIB's Policy Locator Service to help identify lost or unknown life insurance policies for deceased individuals.
Upon verification of your identity, MIB will process your request in a timely fashion and send you your MIB Consumer File by mail. If you do not have an MIB Consumer File, MIB will provide a "no record" letter explaining that a record does not exist.
An MIB Consumer File includes:
Any medical and personal information that MIB maintains in its database about you, if any, in the form of translated MIB codes; and
The name(s) of the MIB member companies, if any, that:
Reported information to MIB, along with the dates such information was reported;
Received a copy of your MIB Consumer File during the three (3) year period preceding your request for disclosure and the dates the companies received your file; and,
Made an inquiry to MIB about you within the past two (2) years, along with the dates of such inquiries.
MIB is committed to the principle that every consumer should be entitled to know the contents of his or her MIB Consumer File, and to correct any inaccurate or incomplete information. When you obtain your MIB Consumer File from MIB, we will provide you with instructions on how to seek a correction or modification of any information that you feel is inaccurate or incomplete.