grandfather clause

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Any policy or rule that exempts a group of individuals, organizations, or drugs from meeting new standards or regulations—e.g., when a new subspecialty board in internal medicine is created, the physicians practising in that area may be ‘grandfathered’ into the subspecialty and not required to meet residency or other educational requirements

grandfather clause

Any policy or rule that exempts a group of individuals, organizations, or drugs, from meeting new standards or regulations; eg when a new subspecialty board in internal medicine is created, the physicians practicing in that area may be 'grandfathered' into the subspecialty and not required to meet residency or other educational requirements
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But, if an individual changes carriers and buys a similar policy, the new policy will still lose grandfathered status, officials say.
if an employer enters into a new policy, certificate or contract of insurance after March 23, 2010, then that new policy, certificate or contract of insurance is not a grandfathered plan with respect to individuals in the group health plan.
To be sure, even grandfathered health plans do have to incorporate some new requirements this year.
The Labor Department also is auditing plans' compliance with provisions that affect both grandfathered and non-grandfathered plans, such as the requirement that plans offering dependent coverage make dependent coverage available to adult children up to age 26.
If a change to a trust is desired, taxpayers want to be certain that the anticipated revision will not taint the trust's grandfathered status.
Burbank had claimed a curfew and a noise budget could be grandfathered in because local noise restrictions were put in place in 1977, well before the 1990 national law was enacted.
The repeal of the 15% excess distributions tax alleviates the need to be concerned about excess distributions or to keep track of unrecovered grandfathered amounts.
For small nonprofit organizations without a grandfathered Sec.
The EUB, at the request of the gas well operator, will further exempt from shut-in grandfathered gas (in zones completed prior to July 1, 1998) which is not associated with potential commercially recoverable bitumen.
Making the grandfather election does not eliminate the potential excise tax, since the grandfathered amount is included to determine if the excise tax applies.
introduces proven delivery process to meet new TCEQ Grandfathered Sources Permitting Rules and Deadlines.
Therefore, taxpayers contemplating an exchange of an older insurance or annuity contract should consider the possible loss of grandfathered benefits before such an exchange.