States cannot regulate insurance as this is solely a federal responsibility.

Name: States cannot regulate insurance as this is solely a federal responsibility.
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Question

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The states are primarily responsible for regulating the insurance industry and are heavily involved in regulating banking,securities,and liquor sales.Many businesses and professions-from psychology to funeral preparation to barbering to the practice of medicine-require a license from the state.

States Cannot Regulate Insurance as This Is Solely a Federal