Iowa § 508C.19 Credits for assessments paid

Iowa Statutes

§ 508C.19 — Credits for assessments paid

Iowa § 508C.19

Title XIIICOMMERCE

Ch. 508CIOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION

This text of Iowa § 508C.19 (Credits for assessments paid) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 508C.19 (2026).

Text

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 amount of the assessment for each of the five calendar years following the year in which the assessment was paid. If an insurer ceases doing business, all uncredited assessments may be 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 and are not then needed for purposes of this chapter shall be paid by the association to the commissioner. The commissioner shall remit the moneys to the treasurer of state to deposit in the state genera

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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 amount
of the assessment for each of the five calendar years following the year in which the
assessment was paid. If an insurer ceases doing business, all uncredited assessments may
be 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 and
are not then needed for purposes of this chapter shall be paid by the association to the
commissioner. The commissioner shall remit the moneys to the treasurer of state to deposit
in the state general fund.