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 ?
* None of the funds appropriated by this Act or any previous appropriations acts for Foreign Operations, Export Financing, and Related Programs shall be available for assistance for the central Government of Haiti until:
As AICPA committees have attempted to develop guidance about illegal acts for industry audit and accounting guides, it has become apparent that distinguishing direct-effect from indirect-effect illegal acts is difficult.
The American Legislative Exchange Council has included the Landowner Recreationist Alliance act in its approved list of model acts for consideration by the states.