Runs Pension Schemes Registry as a part of Opra.
Insurance Encyclopedia
Registration
Entry in an official registry or record that lists names of persons in an occupation who have satisfied specific requirements or attained a certain level of education and paid a registration fee.
Registration of the vehicle for Motor
As per Sec. 39 of the Motor Vehicle At no person shall drive any motor vehicle and no owner of the motor vehicle shall cause or permit the vehicle to be driven in any public place or in any other place unless the vehicle is registered in accordance with the Motor Vehicle Act 1988.
Registration statement
The requisite filing by a company with the SEC of information in connection with the registration of securities prior to a company publicly offering those securities for sale. The registration statement includes a copy of the draft prospectus that will be used by the company in offering securities for sale. In approving a registration, the SEC focuses on the adequacy of the disclosures, and does not rule upon the fairness or quality of the securities as an investment.
REGS
Registered Tonnage
Regular Health (Mediclaim) Insurance
A Health or Mediclaim insurance that covers physicians services other than surgical procedures, such as doctor calls.
Regular medical expense coverage
policies which provide benefits toward doctor fees for non-surgical care, commonly in the hospital, but also at home, or at the physician’s office. These benefits are sometimes in hospital and surgical expense policies.
Regular stock option plan (Pensions)
A plan available to company executives, wherein the executive is able to buy stock in the company at a previously named price. If stock is purchased under this option, it is considered compensation to the executive, and is taxed as such.
Regulated Activities Order
Order (the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001; SI2001/544) made under the Financial Services and Markets Act 2000 that specifies the activities, including insurance, regulated by the Financial Services Authority.
Regulated activity
Any type of business falling within the scope of FSMA. The Act contains a general prohibition on the carrying out of such an activity in the UK unless it is authorised or exempt. The wide-ranging activities include: accepting deposits; acting as a trustee in an authorised unit trust scheme; effecting or carrying out insurance contracts; dealing in investments as principal or agent; managing the underwriting capacity of a Lloyd’s syndicate as a managing agent; arranging deals in contracts of insurance written at Lloyd’s, etc.; agreeing to carry on a regulated activity which is carried on by way of business. Insurance mediation will be regulated from 2005. (Visit www.fsa.gov.uk).