South Dakota Statutes

§ 58-29A-93 — Duplicate coverage--Insured to exhaust rights against solvent insurer.

South Dakota·Title 58 INSURANCE·Ch. 58-29A INSURANCE GUARANTY ASSOCIATION
Any person having a claim against an insurer, whether or not the insurer is a member insurer, under any provision in an insurance policy other than a policy of an insolvent insurer which is also a covered claim, shall be required to first exhaust any right under the policy. Any amount payable on a covered claim under this chapter shall be reduced by the amount of any recovery under the insurance policy.

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South Dakota § 58-29A-93 (Duplicate coverage--Insured to exhaust rights against solvent insurer.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 2000, ch 247, § 40.

Nearby Sections

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