If COBRA continuation coverage is elected via special election, COBRA coverage will reach back only to a date on or after the Effective Date - February 17 - and the eligibility period for coverage will be measured from the date of involuntary termination, generally extending for 18 months from that termination date.
The Assignee, of course, must accept such assignment and agree to assume, from and after the effective date of the agreement, all of Assignor''s rights, duties and obligations in, to, and under the Assets, subject to any liens and encumbrances if favor of the third-party under the contract, but free and clear from all other liens and encumbrances.
FASB officially deferred the effective date for FIN 48, Accounting for Income Taxes, in the recently issued FASB staff position FIN 48-2, Effective Date of FASB Interpretation No.
Step 2: Select the Specified Employee Effective Date The second step an employer should take is to select the specified employee effective date (effective date).
The Standards Subcommittee also filed a comment letter to the Financial Accounting Standards Board (FASB) requesting a delay in the effective date of FASB FIN 48, Accounting for Uncertainty in Income Taxes.
These pre-existing condition exclusions typically preclude coverage for disabilities that begin within 12 months of the coverage effective date if the disability is "caused by, contributed to, or resulted from" a "pre-existing condition" Pre-existing condition is generally defined as a condition or any symptoms of such a condition for which the insured received medical treatment, consultation, care or services in the three months prior to the effective date of coverage (the "look-back" period).
