Nevada Administrative Code (Last Updated: January 6, 2015)

NAC689A.070. “Reduction” defined.

Latest version.

“Reduction” means any provision which reduces the amount of a benefit and by which payment upon the occurrence of a loss is less than would be otherwise payable if the reduction clause had not been in effect.

[Comm’r of Insurance, LH-1 § 3 subsec. B par. 2, eff. 5-13-72]

                    
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