Nonstock, nonprofit membership association of life insurance companies of the United States and Canada that provides information and database management services to the financial services industry. Organized in 1902, MIB’s core fraud protection services protect insurers, policyholders, and applicants from attempts to conceal or omit information material to the sound and equitable underwriting of life, health, disability, and long-term care insurance. Fair pricing of insurance products is dependent on accurate “risk assessment,” “risk classification,” and “risk selection.” A determination of these factors begins with the assurance of accurate health information supplied on the insurance application concerning the proposed insured.