Where can medical information related to an insurance application typically be found?

The correct answer is the Medical Information Bureau (MIB). The MIB is an organization that serves as a centralized database where insurers can share and access medical information about individuals who have applied for life or health insurance. This information helps insurance companies evaluate the risk associated with insuring an applicant and assists in making informed underwriting decisions.

The MIB collects and stores information about applicants' medical conditions, treatments, and insurance history, allowing insurers to verify claims and assess risk consistently. When a person applies for life or health insurance, their application may be checked against the MIB's database to identify any discrepancies or noteworthy medical history that was not disclosed.

Other options do not serve the same purpose: an Insurance Provider Database typically pertains to an individual insurer's records rather than a central information repository, a Health Insurance Exchange is focused on providing a marketplace for health insurance plans but does not store medical information for underwriting purposes, and a Claims Processing Center primarily handles the administration of claims rather than assessing application risks.