33-22-310. Nonduplication. Benefits otherwise payable under a converted policy may be reduced:
(1) so they are not, during the first policy year of the converted policy, in excess of those benefits that would have been payable had the coverage under the policy from which conversion is exercised not terminated; and
(2) by the amount of benefits, if any, payable as to the same loss under the policy from which conversion is exercised.