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Code · Wisconsin · Chapter 645 — Insurers rehabilitation and liquidation

645.56 Setoffs and counterclaims.

65 words·~1 min read·/wi/chapter-645/645-56

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645.56 Setoffs and counterclaims.
(1)Setoffs allowed in general. Mutual debts or mutual credits between the insurer and another person in connection with any action or proceeding under this chapter shall be set off and the balance only shall be allowed or paid, except as provided in sub.
(2).
(2)Exceptions. No setoff or counterclaim may be allowed in favor of any person where:
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