Maine Statutes
§ 24-A §4381 — Offsets
Maine § 24-A §4381
This text of Maine § 24-A §4381 (Offsets) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Me. Rev. Stat. tit. 24-A, § 24-A §4381 (2026).
Text
1.In all cases of mutual debts or mutual credits between the insurer and another person in connection with any action or proceeding under this chapter, credits and debts must be set off and the balance only allowed or paid, except as provided in subsection 2.
2.An offset is not allowed in favor of a person if:
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Legislative History
PL 1969, c. 132, §1 (NEW). RR 2021, c. 1, Pt. B, §375 (COR). PL 2023, c. 405, Pt. A, §94 (AMD).
Nearby Sections
15
§ 24 §1
Insurance contract§ 24 §1002
Formation of corporation; guaranty fund; authority to write business; liability of policyholder§ 24 §1004
Assigned risks; reinsurance§ 24 §1008
Calls for payments; proceeds§ 24 §1012
Annual report; examinations§ 24 §1013
Filing fees§ 24 §1051
Automobile physical damage insuranceCite This Page — Counsel Stack
Bluebook (online)
Maine § 24-A §4381, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/24-A%20%C2%A74381.