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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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Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
"Acts of Parliament and statutory instruments are challenged day in and day out in the Supreme Court.
Public Acts of Parliament are currently printed twice on vellum, with one copy stored in the National Archives based in Surrey and a second stored in the Parliamentary Archives in one of Parliament's towers.
A spokesman for Cardiff council said: "The council is aware that a few English local authorities have chosen to introduce private Acts of Parliament, at a very substantial cost, to prevent pedlars trading in their city centre areas.
The Committee finalized its recommendations in light of the report of the Sub-Committee regarding oversight or review by the senate and regarding nominations to various policy and administrative boards, councils envisaged under various Acts of parliament for ensuring that equal representation is given to all provinces.
The head of the House of Representatives, Salim al-Jubouri directed to include discussion of the draft budget law for all acts of parliament sessions tables until approval ./ End
On the very day of her death, acts of Parliament became law against the poor and disabled.
Three leading shooting organisations said firearms legislation was formed from more than 30 Acts of Parliament and needed to be simplified in one easy-to-understand document.
MY dislike of the way EU decisions are implemented in Britain by dressing them up as if they were British Acts of Parliament drew criticism from a couple of readers recently.
This poisonous weed is one of five injurious weeds that farmers and landowners must control under the following two Acts of Parliament: the 1959 Ragwort and Law of Weeds Act and the 2003 Ragwort Control Act.