{
  "urn": "urn:us-la:rs:22:2026",
  "title_number": "22",
  "section_number": "2026",
  "citation": "R.S. 22:2026",
  "heading": "Set-offs",
  "text": "A. In all cases of mutual debts or mutual credits between the insurer and another person, such credits and debts shall be set-off and only the balance shall be allowed or paid; however, no set-off shall be allowed in favor of any person when either of the following apply:\n\n(1) The obligation of the insurer to such person was purchased by or transferred to such person with a view of its being used as a set-off.\n\n(2) The obligation of such person is to pay an assessment levied against the members or subscribers of any insurer which issued assessable policies, or to pay a balance upon a subscription to the shares of a stock insurer.\n\nB. When a producer or other person purchases a policy of insurance for the unexpired term of the policy and takes an assignment of the unearned premium claim from the insured, this action shall not be considered as a purchase of an obligation with a view of its being used as a set-off.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "22",
      "name": "INSURANCE CODE"
    },
    {
      "level": "chapter",
      "number": "9",
      "name": "REHABILITATION, LIQUIDATION, CONSERVATION"
    }
  ],
  "breadcrumb": "Title 22 › Chapter 9",
  "acts_citations": [
    {
      "act_year": 1958,
      "act_number": 125,
      "section": null,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    },
    {
      "act_year": 1960,
      "act_number": 172,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "amendment"
    },
    {
      "act_year": 2012,
      "act_number": 271,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "amendment"
    }
  ],
  "acts_citations_raw": "Acts 1958, No. 125. Amended by Acts 1960, No. 172, §1; Redesignated from R.S. 22:747 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2012, No. 271, §1. NOTE: Former R.S. 22:2026 redesignated as R.S. 22:271 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=509133",
  "website_law_id": 509133,
  "scrape_timestamp": "2026-05-22T22:11:43Z",
  "source_html_hash": "sha256:42b4b692b5283a6b07c8230deaed555395276e7932809b8585df3bb27ed02389",
  "schema_version": "1.0.0"
}