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 ?
When enacting roles meaningful to the identity, this standard (hereafter referred to as "identity standard" in accordance with Burke's term) becomes the identity holder's basis from which decisions about how to enact a role are made, given the environment.
The European Commission has scolded governments for dragging their heels in enacting anti-terrorism measures approved after the September 11, 2001, attacks and urged EU governments to set aside "bureaucratic and technical" hurdles.
States have attempted to overcome these challenges by enacting negative growth budgets, increasing taxes and fees, reorganizing programs, and drawing from their reserves.
In addition to establishing a moratorium on increasing the cost to access the Internet or enacting "pile on" taxes solely because transactions are conducted online, the legislation was intended to afford interested government and private sector parties time to resolve the important policy and administrative issues associated with the possible taxation of electronic commerce, including the simplification of state sales tax regimes.
Because of the critical need for ease in reciprocity and mobility, staff and volunteer resources were committed to enacting substantial equivalency in 40 states by the end of the year 2000.
The scattered approaches by the states in enacting the model Uniform Electronic Transactions Act, to assure the validity of electronic records and electronic signatures, moved Congress to enact S.
Enacting decrees, regulations and edicts is an administrative and executive function.
To assist states, the AICPA-NASBA national steering committee on regulation of the profession--a joint committee including representatives from the AICPA, NASBA, state boards and state societies--is dedicated to enacting the UAA and providing information and assistance to states as they deal with implementation issues.
Some states simply adopt the federal self-referral prohibition by enacting statutes that prohibit referrals for clinical laboratory services.
But enacting environmentally effective, economically sustainable and fair climate change law must be a national priority.