Pennsylvania Code
Title 31 - INSURANCE
Part IV - Life Insurance
Chapter 88 - INDIVIDUAL ACCIDENT AND SICKNESS INSURANCE MINIMUM STANDARDS
EXCEPTIONS, EXCLUSIONS AND REDUCTIONS
Section 88.82 - Reduction
Universal Citation: 31 PA Code ยง 88.82
Current through Register Vol. 54, No. 44, November 2, 2024
A reduction is a provision which takes away some portion, but not all, of the coverage of the policy under certain specific conditions. Such reduction relates to a risk, which although assumed by the insurer, payment upon the occurrence of such loss is limited to some amount or period less than would be otherwise payable had such reduction clause not been used.
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