Independent professional advice definition
Examples of Independent professional advice in a sentence
Independent professional advice shall be sought by the client prior to any trading decision.
Independent professional advice" means advice of an attorney, certified public accountant, actuary, or other professional adviser: (1) who is engaged by a payee to render advice concerning the legal, tax, and financial implications of a transfer of structured settlement payment rights; (2) who is not in any manner affiliated with or compensated by the transferee of the transfer; and (3) whose compensation for providing the advice is not affected by whether a transfer occurs or does not occur.
Independent professional advice" means advice of an attorney, certified public accountant, actuary, or other licensed professional adviser.
Independent professional advice on matters of valuation must be taken as necessary.