508C.19 Credits for assessments paid. 1. An insurer may offset an assessment made pursuant to section 508C.9 against its premium tax liability pursuant to chapter 432 to the extent of twenty percent of the amountof the assessment for each of the five calendar years following the year in which theassessment was paid. If an insurer ceases doing business, all uncredited assessments maybe credited against its premium tax liability for the year it ceases doing business. 2. Sums acquired by refund from the association which have been written off by contributing insurers and offset against premium taxes as provided in subsection 1 andare not then needed for purposes of this chapter shall be paid by the association to thecommissioner. The commissioner shall remit the moneys to the treasurer of state to depositin the state general fund. 87 Acts, ch 223, §19 Sat Dec 23 00:41:15 2023 Iowa Code 2024, Section 508C.19 (17, 0)
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