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Beneficiary rule information


The beneficiary rule, commonly referred to as the "lucky dog" or "free pass", is a rule in some motor racing leagues allowing the closest lapped driver to the front of the field to gain back a lap when a caution is called. The driver is called to move to the end of the longest line of the cars at the end of that caution period. This rule was instituted to prevent drivers from racing back to the start/finish line when a caution was called.

The rule was first implemented by NASCAR in the 2003 seasons of its three national series, and in all NASCAR-sanctioned series by 2005.

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Beneficiary rule

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The beneficiary rule, commonly referred to as the "lucky dog" or "free pass", is a rule in some motor racing leagues allowing the closest lapped driver...

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Lucky Dog

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about marital solitude Lucky dog (auto racing), a rule in motorsport also known as the beneficiary rule Lucky Dog, a TV program, part of CBS Dream Team...

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Racing back to the caution

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special exception to this practice was implemented and allowed, by the beneficiary rule where the highest-placed car not on the lead lap is given a lap back...

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GEICO 500

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at New Hampshire, the beneficiary rule was adopted, prohibiting racing back to the caution. One ruling of the beneficiary rule was that if a race went...

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Slayer rule

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Insurance, and Beneficiary Designations., Unif. Probate Code § 2-803. See Anne-Marie Rhodes, Consequences of Heirs’ Misconduct: Moving from Rules to Discretion...

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Saunders v Vautier

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down the rule of equity which provides that, if all of the beneficiaries in the trust are of adult age and under no disability, the beneficiaries may require...

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Rule in Dearle v Hall

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allowed the beneficiary to commit a fraud on B, and therefore A should rank behind B. However, it was in subsequent developments that the rule was turned...

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Racing flags

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motorsports series, both road racing and short oval, have implemented the beneficiary rule, which allows the highest-placed car that is a full lap or more behind...

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Safety car

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Rob Gronkowski, Guy Fieri and many others. The beneficiary rule (informally known as the "lucky dog" rule) states once the safety car is deployed, the first...

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Roth IRA

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to accumulate tax-free income. Beneficiaries who inherit Roth IRAs are subject to special minimum distribution rules. Roth IRAs have a higher "effective"...

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Beneficiary principle

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The beneficiary principle is a policy of English trusts law, and trusts in Commonwealth jurisdictions, that trusts which do not have charitable objects...

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Required minimum distribution

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or a charity as a beneficiary and the 5-year rule applies, no "stretch" payout is possible. If an estate or charity is a beneficiary of a part of the account...

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Letter of credit

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promise to pay the seller upon presentation of certain documents. Once the beneficiary (the seller) receives the letter of credit, it will check the terms to...

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Rule against perpetuities

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The rule against perpetuities is a legal rule in common law that prevents people from using legal instruments (usually a deed or a will) to exert control...

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Parol evidence rule

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The parol evidence rule is a rule in common law jurisdictions limiting the kinds of evidence parties to a contract dispute can introduce when trying to...

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United States trust law

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subject to the rule that such securities must be "earmarked" specifically in records to a specific trust account. The generic term "beneficiary" under the...

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Beneficiary fund

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beneficiary fund is defined as a pension fund organization in the Pension Funds Act No.24 of 1956 of South Africa, as amended in 2008. A beneficiary fund...

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Three certainties

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uncertainty, and giving trustees the power to decide who is or is not a beneficiary. The rule came out of the case of Knight v Knight. The testator, after giving...

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Health Insurance Portability and Accountability Act

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calculation (e.g., the beneficiary may be counted with 18 months of general coverage, but only 6 months of dental coverage, because the beneficiary did not have...

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Posting rule

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posting rule (or mailbox rule in the United States, also known as the "postal rule" or "deposited acceptance rule") is an exception to the general rule of...

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Residuary estate

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a residuary. The modern rule, however, is that the failure of a residuary gift to one beneficiary causes that beneficiary's share to be divided among...

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Life insurance

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an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder)...

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Probate

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"Avoid the Top 10 Mistakes Made With Beneficiary Designations". AAII: Avoid the Top 10 Mistakes Made with Beneficiary Designations. American Association...

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Trustee

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sense of the term a trustee is the holder of property on behalf of a beneficiary, the more expansive sense encompasses persons who serve, for example...

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Waqf

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no longer on the market. Its sole purpose must be charitable, and the beneficiary group must be named. Although there is no direct Quranic injunction regarding...

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Prudent man rule

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invest his own property with the following factors in mind: the needs of beneficiaries; the need to preserve the estate (or corpus of the trust); and the amount...

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