Exact(3)
Employees earned high points on "performance reviews" for retroactively canceling policies -- a practice known as "rescission".
The bill includes strong insurance reforms that prevent companies from denying coverage due to pre-existing conditions or from dropping people simply because they get sick - a practice known as rescission.
That appears to be the most an insurance company has ever been ordered to pay in a case involving the practice known as rescission, in which insurance companies retroactively cancel coverage for policyholders based on alleged misstatements - sometimes right after diagnoses of life-threatening diseases.
Similar(52)
After each of the appropriations bills is signed, the president would submit to Congress a package of proposed cuts, known as rescissions, of specific items that he finds objectionable.
The administration has also proposed a bill — known in the punchy language of Washington as "expedited rescission authority" — that would effectively give the president the power to strike out spending items after the budget has been approved.
(For the record, the official explanation that Weinstein gave to Reidel was that he was never informed about the rescission and, as soon as he was, he asked the voters be re-invited).
The right of rescission, as it is known, is a federally mandated contractual provision, and it is limited to refinancing agreements and must be exercised by midnight of the third business day after closing.
In the Federal Commission on School Safety report, Trump officials framed the rescission as one that would give schools more local control over their disciplinary practices and keep students safe from violent or disruptive peers.
In response, employees told DeVos that while they may disagree with the decision, they "stand ready to do whatever we can to ensure that rescission is as minimally harmful to students as possible, as they need a safe place to go to school".
Presenting new rescission procedures as a tool for imposing fiscal responsibility reinforces the wrongheaded notion that the deficit is caused by out-of-control discretionary spending, especially on pork-barrel projects.
And in Illinois, Attorney General Jim Ryan was suing as well, seeking remedies that included the rescission of all the loans First Alliance has made there.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com