Which statement correctly describes the role of an MIB report in underwriting?

Which statement correctly describes the role of an MIB report in underwriting?

• A. It reveals the applicant's current medical diagnoses directly to the underwriter.
• B. It is a consumer report containing lifestyle information.
• C. It summarizes medical history across insurers but does not provide direct diagnoses; must be corroborated with current records.
• D. It determines credit status.

Answer: (C)