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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 29A - Insurance Guaranty Association
§ 58-29A-93 Duplicate coverage--Insured to exhaust rights against solvent insurer.
Universal Citation: SD Codified L § 58-29A-93 (2019)
58-29A-93. Duplicate coverage--Insured to exhaust rights against solvent insurer. 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.
Source: SL 2000, ch 247, ยง 40.
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