I. A member insurer may offset against its tax liability under N.H. Rev. Stat. Chapter 400-A any assessment described in N.H. Rev. Stat. § 408-F:9, II(b) for the life insurance and annuity account, and for the health account for guaranteeing the performance of contractual obligations of an impaired or insolvent insurer in regard to disability income coverages only, to the extent of 20 percent of the amount of the assessment for each of the 5 calendar years following the year in which the assessment was paid. If a member insurer ceases doing business, all uncredited assessments described above may be credited against its tax liability under N.H. Rev. Stat. Chapter 400-A for the year it ceases doing business.
II. Any sums acquired by refund from the association by member insurers, as stated in N.H. Rev. Stat. § 408-F:9, VI, and which were previously offset against taxes as described in paragraph I, shall be paid by these member insurers to the state of New Hampshire in the manner required by the commissioner. The association shall notify the commissioner that refunds have been made.