Common use of Iowa Clause in Contracts

Iowa. Obligations of the Company under this Contract are backed by the full faith and credit of the Company and are not guaranteed under a reimbursement insurance policy. The issuer of this Contract is subject to regulation by the Insurance Division of the Department of Commerce of the State of Iowa. Complaints that are not settled by the issuer may be sent to the Insurance Division. The address for the Iowa Insurance Division is 1963 Xxxx Xxxxxx, Xxxxx 000, Xxx Xxxxxx, XX 00000-0000. A ten percent penalty shall be added each month to a refund that is not paid to you within thirty days of cancellation.