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ACT
(redirected from acts on behalf)

    Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia 0.01 sec.
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.
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The person who is issuing the power of attorney is known as principal and the person who acts on behalf of the principal is known as attorney-in-fact or agent.
Legal Matters ? Power of Attorney by Lucy Bartlett / Law community
The new draft imposes the commission disclosure requirements "in any insurance transaction where any insurance producer or any affiliate of such producer receives any compensation from the customer or acts on behalf of the customer.
NAIC seeks targeted response to compensation controversy by Noonan, Brendan / Best's Review
A lead plaintiff is a class member who acts on behalf of other class members in directing the litigation.
Class Action Suit Filed on Behalf of MGM Mirage Securities Holders by ... by Business Wire
 
 
 
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