N.M. Stat. § 59A-30A-11
Current through 2024, ch. 69
A person having a claim under any other title insurance policy that is not an insolvent insurer's policy, which is also a covered claim, shall first exhaust his rights under such other title insurance policy. An amount payable for a covered claim shall be reduced by the amount of any recovery under such other title insurance policy.
NMS § 59A-30A-11