Practice Audit definition

Practice Audit means an assessment of a Registrants’ professional practices, and may include but is not limited to a review of their declared professional development hours, and a review of their competence in their respective declared field(s) of expertise;
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Practice Audit means an assessment of a Registrants’ professional practices based on a routine or random selection from the Registrants of the Institute, and may include but is not limited to a review of their declared professional development hours, and a review of their competence in their respective declared field(s) of expertise;
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Examples of Practice Audit in a sentence

  • The Lead States reserve the right to additional examination(s) of HCC Life as a result of the Business Practice Audit together with the right to impose financial, regulatory, and performance sanctions with respect thereto.

  • HCC Life shall be responsible for the full, complete, and prompt payment of all fees and expenses of the Examiner-in-Charge in conducting and reporting on the Business Practice Audit in compliance with the laws of the State of Indiana.

  • Upon completion of the Business Practice Audit, the Examiner-in-Charge shall present his preliminary findings to the Lead States.

  • Upon the request of a Participating State, the Examiner-in-Charge shall provide any final reports regarding the Business Practice Audit previously provided to Lead States to such Participating State.

  • Within ninety (90) days of the Final Effective Date, the Examiner-in-Charge shall commence a preliminary audit (in accordance with the NAIC Market Regulation Handbook) of HCC Life's business practices for the STM Products to include, without limitation, writing, form filing, marketing, soliciting, claims payment, licensing and appointments (the "Business Practice Audit").