Michigan Barber Practice Exam

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Get ready for the Michigan Barber Exam. Study with our quizzes featuring multiple choice questions and detailed explanations. Ace your exam with confidence!

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Federal laws govern which type of insurance?

Health
Life
Unemployment
Auto

The correct answer is: Unemployment

Correct! Federal laws primarily govern unemployment insurance, as it is a federally mandated program to provide temporary financial assistance to individuals who have lost their jobs through no fault of their own. Though there are also federal laws that regulate other types of insurance, such as health insurance, life insurance, and auto insurance, they are not exclusively governed by federal laws. Instead, these types of insurance are also regulated by state laws, making them a shared responsibility between the federal and state governments. Therefore, while it is important to be aware of federal laws that may impact these types of insurance, they are not solely governed by federal laws.