{"data":{"id":"us-la/rs-22-2026","jurisdiction":"us-la","citation":"RS 22:2026","heading":"Set-offs","body":"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(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(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.\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.","path":["SUBPART C-1. PHARMACY BENEFIT MANAGERS§1863. Definitions"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=509133","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:54:38Z","sha256":"43d9c9b58032d9f0a9500d8493c3f5b1dfbb1b13d5a5b65d390a2bb9aa77548f","source_id":"us-la","stale":false,"prev":"us-la/rs-22-2025","next":"us-la/rs-22-2027"},"notice":"GroundRules: Original legal text. Not legal advice."}