You have completed an application for life insurance with your client. You review the data collected and you inform them about the Medical Information Bureau (MIB). Which of the following statements about the MIB is correct?

a)The MIB maintains records for medical conditions and non-medical conditions including driving records and hazardous hobbies.

b)When the MIB report for an applicant alerts an underwriter to possible errors, omissions, or misrepresentations, the application can be declined.

c)When the MIB report for an applicant is inconsistent with the application for insurance, the underwriter can rate the application.

d)An MIB-member company is automatically authorized to search and exchange medical information concerning its applicants.