grandfather clause

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Related to Grandfather provision: Grandfathered in
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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(37) There are three grants of authority for a FHC to engage in physical commodities activities under the BHCA: (1) the "complementary to a financial activity" provision, (38) (2) the merchant banking provision, (39) and (3) the Grandfather Provision. (40)
They argue about whether new laws should be nominally retroactive, (6) and they debate the merits of providing transition relief such as grandfather provisions, (7) phased-in effective dates, (8) or delayed effective dates (9) in order to ease the shift over to the new rule.
For now, AMHCA leaders think our best strategy is to seek an inclusive grandfather provision under TRICARE and the VA, thereby creating an inclusive model for Medicare in the future.
The IRS also drew an analogy from congressional statements, when another grandfather provision was created relating to life insurance policies, that for purposes of Sec.
(21) The grandfather provision for debt issued on or before July 10, 1989 under former Sec.
The law contains grandfather provisions for earlier applications.
1,1998, were allowed to continue taxing under the so-called grandfather provisions. In the original act, "Internet access service" was defined as:
Merkley said last November that he just did not understand that the act lacked strong grandfather provisions ensuring that people could keep existing policies.
"If you like your health-care plan, you can keep your health-care plan." This political promise made during the health-care debate is embodied in the grandfather provisions of PPACA.
Besides extending the moratorium, the bill clarifies the definition of Internet access and maintains the grandfather provisions that protect state and local taxes imposed on Internet access prior to 1998.
The Student Adjustment Act of 2001, which includes a special ruling for children in middle or secondary school, focuses on restrictions on authority, exemption from numerical limitations, grandfather provisions, confidentiality of information, eligibility of cancellation applicants for federal education assistance, and proposed, interim, and final regulations.
Grandfather provisions. Tax-free exchanges of annuity contracts issued before August 13, 1982, retain some of the tax breaks applicable before the Tax Equity and Fiscal Responsibility Act of 1982.