Whenever it appears to the satisfaction of the commissioner of insurance that because of error, mistake, or erroneous interpretation of statute that a foreign or domestic insurance corporation has paid to the state of Iowa taxes, fines, penalties, or license fees in excess of the amount legally chargeable against it, the commissioner of insurance shall have power to refund to such corporation any such excess by applying the amount thereof toward the payment of taxes, fines, penalties, or license fees already due or which may hereafter become due, until such excess payments have been fully refunded. The commissioner shall certify to the department of revenue and finance the amount of any such credit to be applied to future taxes due and notify the insurance company affected of the amount thereof.
[C31, 35, § 8613-c3; C39, § 8613.3; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 505.11]
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