The Act and its accompanying rules were enacted to protect investors in connection with the trading of securities already issued and outstanding. The most important components of the Act are Section 10(b) and Securities and Exchange Commission (SEC) Rule 10b-5, which prohibits manipulative or deceptive acts in connection with the purchase or sale of a security. Corporate directors and officers are frequently the targets of lawsuits brought under these antifraud provisions.
Insurance Encyclopedia
Securities Exchange of 1934
A law passed in 1934 stating that any company or agent who wishes to sell securities must register with the federal government to do so.
Securitisation
A means by which selfliquidating financial assets such as loans and mortgages are packaged by a business as bonds and sold through a special purpose vehicle to capital market investors. The business continues to service the securitised assets although the credit risk has been transferred to investors whose concern is the creditworthiness of the assets not the business which granted the loans. See SECURITISATION OF INSURANCE RISK.
Securitisation of insurance risk
Transfer of insured risks from the insurance market to the capital market through a special purpose vehicle. The SPV sells bonds on the proviso that it can default on interest and/or capital repayments if the insured risk, e.g. a hurricane, occurs. The retained amounts fund the losses of the (re)insurer. Securitisation has provided alternative sources of capital when reinsurance capacity has been in short supply. See CATASTROPHE BONDS; INSURITISATION.
Securitization of insurance risk
The transfer or sale, in the form of an investment security, of the underwriting and timing risks associated with one or more insurance policies. It is similar in concept to asset securitization that involves turning illiquid assets into liquid instruments that can be traded freely on the open market (e.g., mortgage backed securities).
Security officer
Under the Health Insurance Portability and Accountability Act (HIPAA), individual who protects the computer and networking systems within the medical practice or hospital facility and implements protocols such as password assignment, backup procedures, firewalls, virus protection, and contingency planning for emergencies.
Security regulations
See: security rules.
Security rules
Under the Health Insurance Portability and Accountability Act (HIPAA), regulations related to the security of electronic protected health information (ePHI) that, along with regulations related to electronic transactions and code sets, privacy, and enforcement, compose the Administrative Simplification provisions. Also called security regulations .
Security standards for health information
See: Health Insurance Portability and Accountability Act of 1996 (HIPAA) .
See
Cross-reference word used in ICD-9-CM that is a mandatory instruction following a main term in the index, indicating that another term should be referenced and to look elsewhere for the correct diagnostic code.