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- Alaska Statutes.
- Title 21. Insurance
- Chapter 80. Alaska Insurance Guaranty Association Act
- Section 100. Nonduplication of Recovery.
previous: Section 95
. Prohibited Claims.
next: Section 110
. Prevention of Insolvencies.
AS 21.80.100. Nonduplication of Recovery.
- (a) A person having a claim against an insurer, whether or not the insurer is a member insurer, under a provision in an
insurance policy other than a policy of an insolvent insurer that is also a covered claim is required to exhaust first
the person's right under the policy. An amount payable on a covered claim under this chapter shall be reduced by the
amount of recovery under the insurance policy.
- (b) A 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 place of residence of the insured except that if it is a first
party claim for damage to property with a permanent location, the person shall seek recovery first from the association
of the location of the property, and if it is a workers' compensation claim, the person shall seek recovery first from
the association of the residence of the claimant. A recovery under this chapter shall be reduced by the amount of
recovery from any other insurance guaranty association or its equivalent.
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