The Medical Information Bureau (MIB) is formed by which entities?

• A. Banks
• B. Insurance Companies
• C. Employers
• D. Government Agencies

Answer: (B)

The key idea is who forms the Medical Information Bureau. It’s formed by life and health insurance companies that participate in the MIB. This private nonprofit organization acts as an information-sharing hub, collecting and distributing medical and underwriting information among member insurers to verify health histories and detect misrepresentation. Banks, employers, and government agencies don’t form or operate the MIB, so those options aren’t applicable.