What is the MIB, Inc. product called the “Insurance Activity Index”?  The MIB, Inc. marketing materials offer the following description of the “Insurance Activity Index,” an electronic information product to exchange consumer information among insurance and healthcare corporations:

Insurance Activity Index – Identifying frequent shoppers

If left unchecked, applicants who “stack” or “churn” policies by applying for insurance with multiple companies can fly below radar and erode the most financially sound company’s book. But the IAI enables MIB Members to track the number of times an MIB check was requested on an applicant in the two previous years. This snapshot of recent application activity helps identify applicants who might be attempting to conceal medical conditions that could affect their insurability by taking multiple, low face value policies that are not medically underwritten to obtain the desired level of coverage.”

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