Sunset Provision Definition »

On the other, the draft legislation features a sunset provision that will end the federal program after three years, which makes it a short-term backstop that should not divert the attention of the reinsurance market or risk managers from the need to manage capital and risk for the long term. Definition of sunset-provision noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Define sunset provisions. sunset provisions synonyms,. English dictionary definition of sunset provisions. or n 1. chiefly US and Canadian a provision of a law that it will automatically be terminated after a fixed period unless it is. Sunset provision; sunset provisions; Sunset Railway Company; Sunset Riders; Sunset Science Park Federal. sunset clause. A provision in a sales contract that sets a date for closing and after which the contract will be unenforceable except for provisions related to damages or earnest money refund or retention. Sunset provision synonyms, Sunset provision pronunciation, Sunset provision translation, English dictionary definition of Sunset provision. or n 1. chiefly US and Canadian a provision of a law that it will automatically be terminated after a fixed period unless it is extended by law 2.

15/12/2019 · Definition and synonyms of sunset provision from the online English dictionary from Macmillan Education. This is the British English definition of sunset provision. View American English definition of sunset provision. Change your default dictionary to American English. View the pronunciation for sunset provision. The so-called ‘sunset clause’ is defined in accordance with Regulation EC No 726/2004, Article 144-6. In the context of the sunset clause provision, the marketing authorisation of a centralised medicinal product will cease to be valid if: - the medicinal product is not placed on the market within three years of the authorisation being. Sunset Provision. A statutory provision providing that a particular agency, benefit, or law will expire on a particular date, unless it is reauthorized by the legislature. Federal and state governments grew dramatically in the 1950s and 1960s. Many Executive Branch administrative agencies were established to oversee government programs. Times, Sunday Times 2012 No new review date has been set and there is no sunset clause. Globe and Mail 2003 We should tack on a 'sunset clause'. Times, Sunday Times 2016 There were mutterings yesterday about the sunset clause, which critics fear will.

A sunset clause in an insurance policy sets a deadline for filing claims once the policy has expired. Sunset clauses occur in what are known as claims-made liability policies -- those that include a time limit on how long they will accept claims after the policy expires or is canceled. Sunsetting something may be part of the original plan. In a legal context, for example, a sunset provision is a specification that legislation will no longer be in effect beyond a certain date or after a particular event has transpired, unless an extension is mandated.

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