A regulated activity which occurs when the person advised is: (a) an investor or potential investor, or is acting as agent for such a person; (b) in receipt of advice on the merits of doing any of the following (whether as principal or agent): buying, selling, subscribing for or underwriting a particular security or relevant investment, ((i) designated investment, funeral plan contract, pure protection contract, general insurance contract, or right to, or interest in, a funeral plan contract; or (ii) exercising any right conferred by such an investment, other than a pure protection contract, to buy, sell, subscribe for or underwrite such an investment.)
Tag: RAW
Advisor
In a 401(k) defined-contribution pension plan, a firm that helps the employer choose a provider, select the investment options, and make any other decisions about the plan.
Advisory Capacity
A term indicating that a shipper’s agent or representative is not empowered to make definite decisions or adjustment without the approval of the group or individual represented.
Advisory Council on Social Security
Prior to the enactment of the Social Security Independence and Program Improvements Act of 1994 (Public Law 103-296) on August 15, 1994, the Social Security Act required the appointment of an Advisory Council every 4 years to study and review the financial status of the Old Age, Survivors, and Disability Insurance (OASDI) and Medicare programs. Its report on the financial status of the OASDI program was submitted on January 6, 1997. Under the provisions of the Public Law, this was the last Advisory Council to be appointed.
Advisory organization
A rating bureau or other body that may advise but not require its members to adhere to certain practices, in accordance with state insurance laws. Rating organizations or bureaus adopt file rules and rates in the various states, on behalf of their members.
Advocate
Individual who gives the patient support or protects his or her rights.
AE
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating service performed by a registered dietitian. Use of this modifier affects Medicare payment.
AEP
See: annual election period (AEP) and appropriateness evaluation protocol (AEP).
Aerial devices
Balloons, rockets, space vehicles and space satellites. The term refers to an additional peril covering ‘destruction or damage by Aircraft and other Aerial Devices or articles dropped therefrom. Damage by sonic bang is excluded.
Aero Engine Breakdown Insurance
Refer: “Engineering Insurance: Aero Engine Breakdown Insurance.”