New Mexico Statutes

§ 59A-30A-11 — Nonduplication of recovery

New Mexico § 59A-30A-11
JurisdictionNew Mexico
Ch. 59AInsurance Code
Art. 30ATitle Insurance Guaranty

This text of New Mexico § 59A-30A-11 (Nonduplication of recovery) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.M. Stat. Ann. § 59A-30A-11 (2026).

Text

A person having a claim under any other title insurance policy that is not an insolvent insurer's policy, which is also a covered claim, shall first exhaust his rights under such other title insurance policy. An amount payable for a covered claim shall be reduced by the amount of any recovery under such other title insurance policy.

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Legislative History

Laws 1999, ch. 60, § 11.

Nearby Sections

15
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Bluebook (online)
New Mexico § 59A-30A-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/59A/59A-30A-11.