2006 Minnesota Statutes

60C.13 EXHAUSTION OF OTHER COVERAGE.
    Subdivision 1. Other policy coverage. Any person having a claim under another policy
whether or not the policy is a policy of a member insurer, which claim arises out of the same facts
which give rise to the covered claim, shall be first required to exhaust the person's right under the
other policy. Any amount payable on a covered claim under this chapter shall be reduced by the
amount of any recovery under such insurance policy. For purposes of this subdivision, another
insurance policy does not include a workers' compensation policy.
    Subd. 2. Other guaranty association coverage. Any person having a claim which may
be recovered under more than one insurance guaranty association or its equivalent shall seek
recovery first from the association of the state of residence of the insured except that if the claim
is a first party claim for damage to property with a permanent location, that person shall seek
recovery first from the association of the state in which the property is located, and if it is a
workers' compensation claim, that person shall seek recovery first from the association of the
residence of the claimant. Any recovery under this chapter shall be reduced by the amount of
recovery from any other insurance guaranty association or its equivalent.
History: 1971 c 145 s 13; 1986 c 444; 1988 c 541 s 9; 1991 c 325 art 6 s 8; 1997 c 52 s 9