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<br />13 <br /> <br />14 <br />15 <br /> <br />16 <br /> <br />17 <br /> <br />,) <br /> <br />1 <br /> <br />this section. <br /> <br />(lJ\ <br />\UJ <br /> <br />2 <br /> <br />(3) The recoupment of any assessments paid to the <br /> <br />3 association by its members pursuant to the provisions of this <br />4 section shall be accomplished according to the following <br /> <br />5 procedure: <br /> <br />6 <br /> <br />(a) The association shall certify to the board the <br /> <br />7 amounts of any assessments and shall reimburse each member <br /> <br />8 <br /> <br />from the funds received from the stabilization reserve fund on j;~l:T~:~c~; <br />,-1";,' <br />I'i,..~b~'. ;; <br />: ;'9"'" 't:::~ : <br />the b;:~S :~t::s P:::iC:::::~~Z::i:~e :::::::ti~:~d has been f::r~'~~~~ <br /> <br />. .-; <br />exhausted in payment of the maximum final premium for all ~"".~" <br /> <br /> <br />::~::::::de~:),Ofth:heas:::;::~:~on'Sh::l pr:::::;y int:ect::: ~~ <br /> <br />commissioner the amount of any assessments, or portions. <br /> <br />thereof, for which members have not been reimbursed as ~1 <br />, m..-.;l <br />provided in paragraph (a) of this subsection (3). TheK.. ~j <br /> <br />association shall amend the amount of its certification Of\~~ <br /> <br />9 <br /> <br />10 <br />11 <br /> <br />12 <br /> <br /> <br />18 deficit to the commissioner as the values of its incurred <br /> <br />19 losses become finalized and further assessment of members is <br /> <br />20 <br /> <br />required. <br /> <br />After the certification of deficit has been filed <br /> <br />21 with the commissioner, each member may deduct from the amount <br /> <br />22 of its premium tax attributable to net direct premiums which <br />23 would otherwise be due under the provisions of section <br />24 10-3-209 an amount equal to the assessments paid by it which <br /> <br />25 have not otherwise been recouped as provided in this section. <br /> <br />26 <br /> <br />The <br /> <br />premi um tax <br /> <br />deduction provided by this subsection (3) <br /> <br />o <br /> <br />-24- <br /> <br />if>. <br /> <br />.~ ~- ._;"_..~ <br />