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 ?
Property insurance against acts of God and acts of terrorism and civil liability.
Nigeria's aviation minister causes outrage by calling air crashes inevitable acts of God Nigeria's aviation minister has caused outrage by calling air crashes inevitable acts of God, as she sought to deflect criticism of her record after the country's second deadly accident in 15 months.
Acts of God in Haiti are now readily visible in the compassionate giving of multitudes of volunteers as they reach out in love generously offering hope and resources.