Act

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Act

1. See: Activity.

2. In insurance, any deed, especially one that foregoes the possibility of coverage. For example, life insurance policies rarely extend coverage if the policyholder commits suicide. In this case, the suicide is called an act.

ACT

see ADVANCE CORPORATION TAX.
References in periodicals archive ?
They would have to pass an Act of Parliament to stop that.
Created in 1987 by an Act of Parliament, the OSFI has a mandate to protect the rights and interests of depositors, policyholders, and pension plan members; and to advance and administer a regulatory framework so as to contribute to public confidence in the Canadian financial system.
The Henrician Reformation was beginning to empty the universities of students as the era began in which, as Brooks Adams memorably put it, "Within a single generation, the relation Christ's flesh and blood bore to the bread and wine was changed five times by royal proclamation or act of Parliament.
One of the causes of the Revolution was the act of Parliament displacing the Canadian border down to the Ohio River, an action specifically referred to in the list of British provocations in the Declaration of Independence.
But Britain won't give them up easily because, the British Museum points out, "an act of Parliament bans it from permanently disposing of any (historical) object.
The NFB was created by an act of Parliament in 1939, the Massey Commission submitted its report in 1951, and the proper name for the NFB is the National Film Board of Canada.
British Summer Time was introduced in 1916 by an Act of Parliament.
He was, in fact, a control freak, keeping every drawing and document and leaving his house and collection to the nation as his memorial by Act of Parliament and in so doing attempting to manipulate his place in history from the grave.
In 1642, the greatest period of English theater was ended by an act of Parliament.
Bonham's Case in 1610, as he himself reported, was: "when an Act of Parliament is against common right and reason, or repugnant, or impossible to be performed, the common law will controul it, and adjudge such Act to be void.
The lottery was created by an Act of Parliament in November 1994 to raise money for projects and institutions that would not otherwise benefit from public funds.