Sec. 462.254. RECOVERY FROM MORE THAN ONE GUARANTY ASSOCIATION. (a) Except as provided by Subsections (b) and (c), a person who has a claim that may be recovered from more than one insurance guaranty association or the equivalent shall seek recovery first from the association of the insured's residence. (b) A claimant shall seek recovery of a first-party claim for damage to property with a permanent location first from the association of the location of the property. (c) A claimant shall seek recovery of a workers' compensation claim first from the association of the claimant's residence. (d) The association has a credit or offset against the benefits under this chapter in the amount of the claimant's recovery under this section. (e) Subject to Section 462.255 , the maximum amount payable by the association is the amount of damages incurred by the claimant, less the credit or offset, except that the association's liability may not exceed $300,000.
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