Which data sources are typically reviewed to verify underwriting information?

• A. MIB, MVR, and consumer reports
• B. Medical records
• C. Credit reports
• D. All of the above

Answer: (D)

In underwriting, you verify information by pulling from a range of data sources to build a complete view of risk. The typical mix includes MIB, motor vehicle records, and consumer reports, and, when permitted, medical records and credit reports as well. Each source adds a different piece of the puzzle: MIB provides standardized medical information that may reveal health factors the applicant hasn’t disclosed; motor vehicle records show driving history that can influence risk; consumer reports offer background on lifestyle, employment, residence, and other factors; medical records give detailed health details necessary for accurate underwriting; and credit reports assess financial reliability and potential for misrepresentation. Relying on just one type risks missing important risk factors, so all of the above together represents the most thorough approach to verifying underwriting information.