# D.C. Code § 31-5410: Credits for assessments paid

> District of Columbia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5410

## Section

- **Citation:** D.C. Code § 31-5410
- **Heading:** Credits for assessments paid
- **Jurisdiction:** District of Columbia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** DC Code / Title 31 / Chapter 54 / § 31-5410

## Text

(a) A member insurer may offset against its premium taxes an assessment described in § 31-5406(h) to the extent of 10% of the amount of the assessment for each of the 10 calendar years following the year in which the assessment was paid. In the event a member insurer should cease doing business, all uncredited assessments may be credited against the premium taxes for the year it ceases doing business.
(b) Any sums which are acquired by refund, pursuant to § 31-5406(f) from the Association by member insurers, and which theretofore have been offset against premium taxes as provided in subsection (a) of this section, shall be paid by member insurers to the District of Columbia in accordance with requirements of the District of Columbia Department of Finance and Revenue. The Association shall notify the Commissioner that the refunds have been made.

## Nearby sections

- [D.C. Code § 31-5401 § 31-5401. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5401.md)
- [D.C. Code § 31-5402 § 31-5402. Coverage and limitations.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5402.md)
- [D.C. Code § 31-5403 § 31-5403. Creation of the Association.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5403.md)
- [D.C. Code § 31-5404 § 31-5404. Board of Directors.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5404.md)
- [D.C. Code § 31-5405 § 31-5405. Powers and duties of the Association.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5405.md)
- [D.C. Code § 31-5406 § 31-5406. Assessments.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5406.md)
- [D.C. Code § 31-5407 § 31-5407. Plan of operation.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5407.md)
- [D.C. Code § 31-5408 § 31-5408. Duties and powers of the Mayor.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5408.md)
- [D.C. Code § 31-5409 § 31-5409. Prevention of insolvencies.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5409.md)
- [D.C. Code § 31-5410 § 31-5410. Credits for assessments paid.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5410.md)
- [D.C. Code § 31-5411 § 31-5411. Miscellaneous.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5411.md)
- [D.C. Code § 31-5412 § 31-5412. Examination of the Association; annual report.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5412.md)
- [D.C. Code § 31-5413 § 31-5413. Tax exemptions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5413.md)
- [D.C. Code § 31-5414 § 31-5414. Immunity.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5414.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5410. Check the current official text before relying on it. Not legal advice.