statutory refund claims

Statutory refund claims refer to requests for a return of money paid, typically to a government or regulatory agency, when a person or business believes they were overcharged or paid in error. This process is governed by specific laws and regulations that outline how to submit such claims, the necessary documentation, deadlines, and eligibility criteria. Generally, statutory refund claims are common in areas like taxes, fees, and insurance, and they ensure that individuals or entities can recover funds that should not have been collected or were paid incorrectly.