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GEORGIA LIFE AND HEALTH INSURANCE EXAM
2025 LATEST TEST BANK WITH 750 EXAM PREP
QUESTIONS AND CORRECT ANSWERS/ GA LIFE &
HEALTH INSURANCE TEST 2025 (NEWEST!)
Accidental bodily injury - ..ANSWER...✓✓ an unforeseen
and unintended injury that resulted from an accident
rather than a sickness
Cafeteria plan - ..ANSWER...✓✓ type of employee benefit
plan that allows insureds to choose between different
types of benefit
Cancellation - ..ANSWER...✓✓ termination of an in-force
insurance policy, by either the insured or the insurer,
prior to the expiration date shown in the policy
Comprehensive coverage - ..ANSWER...✓✓ health
insurance that provides coverage for most types of
medical expense
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Deductible - ..ANSWER...✓✓ a specified dollar amount
that the insured must pay first before the insurance
company will pay the policy benefits
Misrepresentations - ..ANSWER...✓✓ Untrue statements
on a life insurance application are considered
A material misrepresentation - ..ANSWER...✓✓ A
statement that would alter the underwriting decision of
the insurance company.
Representations - ..ANSWER...✓✓ An insured's
statements on the application
Life insurance applications - ..ANSWER...✓✓ These are
not uniform and may vary from one insurer to another.
1. General information
2. Medical information - ..ANSWER...✓✓ All life insurance
applications have these 2 basic components
1. Age & gender
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2. Health status
3. Occupation
4. Lifestyle
5. Hobbies - ..ANSWER...✓✓ These are the 5 primary
criteria in the underwriting decision process.
Who decides If an applicant is INSURABLE and what
PREMIUM to charge? - ..ANSWER...✓✓ Underwriting
decides this.
The Fair Credit Reporting Act (FCRA) - ..ANSWER...✓✓
Act that protects privacy of background information and
ensures that information supplied is accurate.
The insurance application, medical reports, MIB report
and investigative reports - ..ANSWER...✓✓ Sources of
underwriting information.
What is the Attending Physician's Statement (APS)? -
..ANSWER...✓✓ It is a document requested from the
applicant's physician.
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What is the purpose of the Attending Physician's
Statement (APS)? - ..ANSWER...✓✓ It helps confirm
information on the application and may provide additional
details about the applicant's medical history.
MIB Group, formerly called the Medical Information
Bureau - ..ANSWER...✓✓ A consumer reporting agency
that shares your medical information with insurance
companies.
What does the MIB Group do? - ..ANSWER...✓✓ They are
a non profit trade organization that collects, maintains
and shares underwriting information on applicants.
A MIB report - ..ANSWER...✓✓ This report includes an
applicant's past life insurance applications, medical
information & hazardous hobbies or habits of an
applicant.
Access to a MIB report is provided by - ..ANSWER...✓✓
Member insurers only with information that is no older
than 7 years.
GEORGIA LIFE AND HEALTH INSURANCE EXAM
2025 LATEST TEST BANK WITH 750 EXAM PREP
QUESTIONS AND CORRECT ANSWERS/ GA LIFE &
HEALTH INSURANCE TEST 2025 (NEWEST!)
Accidental bodily injury - ..ANSWER...✓✓ an unforeseen
and unintended injury that resulted from an accident
rather than a sickness
Cafeteria plan - ..ANSWER...✓✓ type of employee benefit
plan that allows insureds to choose between different
types of benefit
Cancellation - ..ANSWER...✓✓ termination of an in-force
insurance policy, by either the insured or the insurer,
prior to the expiration date shown in the policy
Comprehensive coverage - ..ANSWER...✓✓ health
insurance that provides coverage for most types of
medical expense
,2|Page
Deductible - ..ANSWER...✓✓ a specified dollar amount
that the insured must pay first before the insurance
company will pay the policy benefits
Misrepresentations - ..ANSWER...✓✓ Untrue statements
on a life insurance application are considered
A material misrepresentation - ..ANSWER...✓✓ A
statement that would alter the underwriting decision of
the insurance company.
Representations - ..ANSWER...✓✓ An insured's
statements on the application
Life insurance applications - ..ANSWER...✓✓ These are
not uniform and may vary from one insurer to another.
1. General information
2. Medical information - ..ANSWER...✓✓ All life insurance
applications have these 2 basic components
1. Age & gender
,3|Page
2. Health status
3. Occupation
4. Lifestyle
5. Hobbies - ..ANSWER...✓✓ These are the 5 primary
criteria in the underwriting decision process.
Who decides If an applicant is INSURABLE and what
PREMIUM to charge? - ..ANSWER...✓✓ Underwriting
decides this.
The Fair Credit Reporting Act (FCRA) - ..ANSWER...✓✓
Act that protects privacy of background information and
ensures that information supplied is accurate.
The insurance application, medical reports, MIB report
and investigative reports - ..ANSWER...✓✓ Sources of
underwriting information.
What is the Attending Physician's Statement (APS)? -
..ANSWER...✓✓ It is a document requested from the
applicant's physician.
, 4|Page
What is the purpose of the Attending Physician's
Statement (APS)? - ..ANSWER...✓✓ It helps confirm
information on the application and may provide additional
details about the applicant's medical history.
MIB Group, formerly called the Medical Information
Bureau - ..ANSWER...✓✓ A consumer reporting agency
that shares your medical information with insurance
companies.
What does the MIB Group do? - ..ANSWER...✓✓ They are
a non profit trade organization that collects, maintains
and shares underwriting information on applicants.
A MIB report - ..ANSWER...✓✓ This report includes an
applicant's past life insurance applications, medical
information & hazardous hobbies or habits of an
applicant.
Access to a MIB report is provided by - ..ANSWER...✓✓
Member insurers only with information that is no older
than 7 years.
