Where a claim arising out of a policy of insurance has been filed by a third party and approved by the liquidator and such claim has subsequently been paid or satisfied, either wholly or in part, by the transfer of anything of value, either voluntarily or by process, from the insured of the person in liquidation to such third party, then upon the filing with the liquidator of proof of the making and value of such transfer, to the extent and in the manner required by the liquidator, the insured shall be subrogated to the rights of the third party claimant to the extent that the claim has been satisfied and discharged, but the rights of the insured shall not exceed the face
value of such claim and if the insured has theretofore filed a claim covering the same subject matter, he is entitled to only one recovery.
1010
1011
1011.1
1011.5
1012
1013
1014
1015
1016
1017
1018
1019
1020
1021
1022
1023
1024
1025
1025.5
1026
1026.1
1027
1028
1029
1030
1030.5
1030.6
1031
1032
1033
1033.5
1034
1034.1
1035
1035.2
1035.5
1036
1037
1038
1039
1040
1041
1042
1043
1044
1045
1046
1047
1048
1049
1050
1051
1052
1053
1054
1055
1056
1056.5
1057
1058
1059
1060
1061
1062
1011
1011.1
1011.5
1012
1013
1014
1015
1016
1017
1018
1019
1020
1021
1022
1023
1024
1025
1025.5
1026
1026.1
1027
1028
1029
1030
1030.5
1030.6
1031
1032
1033
1033.5
1034
1034.1
1035
1035.2
1035.5
1036
1037
1038
1039
1040
1041
1042
1043
1044
1045
1046
1047
1048
1049
1050
1051
1052
1053
1054
1055
1056
1056.5
1057
1058
1059
1060
1061
1062