{"data":{"id":"us-ut/utah-code-31a-28-212","jurisdiction":"us-ut","citation":"Utah Code § 31A-28-212","heading":"Credits for assessments paid.","body":"(1) A member insurer may offset against its premium tax liability to this state an assessment described in Section 31A-28-208, but only up to 20% of the amount of the assessment for each of the five calendar years following the year in which the assessment was paid. If a member insurer ceases doing business, all uncredited assessments may be credited against its premium tax liabilities for the year it ceases doing business.\n(2) Any sums acquired by a member insurer as a refund from the association which previously had been offset against premium taxes as provided in Subsection (1) shall be paid immediately by the member insurer to the State Tax Commission.","path":["Title 31A Insurance Code","Chapter 31A-28 Guaranty Associations","Part 31A-28-2 Utah Property And Casualty Insurance Guaranty Association Act"],"source_url":"https://le.utah.gov/xcode/Title31A/Chapter28/31A-28-S212.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"406d1c8eb7ec381ef82f1bcc5be34fb082b5bc8e5672f5ac29faa1feaf91c7c6","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-31a-28-210","next":"us-ut/utah-code-31a-28-213"},"notice":"GroundRules: Original legal text. Not legal advice."}