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2013 New Mexico Statutes
Chapter 59A - Insurance Code
Article 30A - Title Insurance Guaranty
Section 59A-30A-11 - Nonduplication of recovery. (1999)


NM Stat § 59A-30A-11 (2013) What's This?

59A-30A-11. Nonduplication of recovery. (1999) 
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.   
  History: Laws 1999, ch. 60, § 11. 

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