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, §40.
South Dakota Legal Code