Life Insurance FundamentalsQuestion 133 of 716
What is the primary purpose of the Medical Information Bureau (MIB) report in life underwriting?
a.To deliver copies of the applicant's complete hospital and attending physician records
b.To flag information disclosed by the applicant on prior insurance applications
c.To verify the applicant's employment income and last filed tax return
d.To score the applicant's credit and pre-approve future policy loans on the contract
Explanation
The MIB is a clearinghouse of coded information that member insurers share to detect misrepresentation. It flags disclosures from prior applications, prompting the underwriter to investigate further. The applicant must be told MIB will be consulted.
Law Reference: Fair Credit Reporting Act; Cal. Ins. Code §791 et seq.This topic, taught in full in the California Life & Health Insurance Producer Exam guide. California Life & Health Insurance Producer Exam — Complete Study Guide (2026) — PDF + EPUB, $19.99 · 14-day refund →
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PrepPass team · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)