{"data":{"id":"us-co/c.r.s.-10-4-512","jurisdiction":"us-co","citation":"C.R.S. § 10-4-512","heading":"Nonduplication of recovery.","body":"(1) Any person having a claim against an insurer under any provision in any insurance policy that is also a covered claim shall exhaust first the person's right under such policy. Any amount payable on a covered claim under this part 5 is reduced by the amount recoverable under such insurance policy.\n\n(2) 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 place of residence of the insured; except that, if it is a first-party claim for damage to property with a permanent location, recovery shall be sought from the association of the location of the property, and, if it is a workers' compensation claim, recovery shall be sought from the association of the residence of the claimant. A claimant or first-party insured who has received a recovery from any other guaranty association or its equivalent in an amount equal to or greater than the recovery allowed under this part 5 shall not be eligible to receive any recovery from the Colorado insurance guaranty association. In addition, any recovery under this part 5 shall be reduced by the amount of the recovery from any other insurance guaranty association or its equivalent.","path":["Title INSURANCE - MUTUAL INSURANCE","Article 4 - Property and Casualty Insurance","Part 5 - COLORADO INSURANCE GUARANTY ASSOCIATION ACT"],"source_url":"https://olls.info/crs/crs2026-title-10.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"cf2e6a2c33da019d5342873d207d94e969cd135d3d5e765092ff4de1ef83d399","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-10-4-511","next":"us-co/c.r.s.-10-4-513"},"notice":"GroundRules: Original legal text. Not legal advice."}