Common use of Iowa Clause in Contracts

Iowa. The issuer of this Agreement is subject to regulation by the insurance division of the Department of Commerce of the state of Iowa. Complaints which are not settled by the issuer may be sent to the Insurance Division. CANCELLATION OF THE AGREEMENT section is amended as follows: If We cancel this Agreement, We shall mail a written notice of termination to You at least fifteen (15) days before the date of the termination. Prior notice of cancellation by Us is not required if the reason for cancellation is nonpayment of the Agreement Purchase Price, a material misrepresentation by You to Us or Administrator, or a substantial breach of duties by You related to the covered product or its use. The notice of cancellation shall state the effective date of the cancellation and the reason for the cancellation. If this Agreement is cancelled by Us for any reason other than nonpayment of the Agreement Purchase Price, We shall refund You in an amount equal to 100% of the unearned purchase price, calculated on a pro rata basis based upon elapsed time, less any claims paid. We may charge a cancellation fee in an amount no greater than ten percent (10%) of the Agreement Purchase Price. A monthly penalty equal to ten percent (10%) of the outstanding provider fee outstanding will be added to a refund that is not paid or credited within thirty (30) days after the return of the Agreement to the provider. INSURANCE section of this Agreement is amended as follows: Obligations of the provider under this Agreement are guaranteed under a service contract reimbursement insurance policy. If the provider fails to pay or provide service on a claim within sixty (60) days after proof of loss has been filed, the Agreement Holder is entitled to make a claim directly against the insurance company.

Appears in 3 contracts

Samples: The Agreement, The Agreement, The Agreement

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Iowa. The issuer of this Agreement is subject to regulation by the insurance division of the Department of Commerce of the state of Iowa. Complaints which are not settled by the issuer may be sent to the Insurance Division. CANCELLATION OF THE AGREEMENT section is amended as follows: If We cancel this Agreement, We shall mail a written notice of termination to You at least fifteen (15) days before the date of the termination. Prior notice of cancellation by Us is not required if the reason for cancellation is nonpayment of the Agreement Purchase Price, a material misrepresentation by You to Us or Administrator, or a substantial breach of duties by You related to the covered product or its use. The notice of cancellation shall state the effective date of the cancellation and the reason for the cancellation. If this Agreement is cancelled by Us for any reason other than nonpayment of the Agreement Purchase PricePrice , We shall refund You in an amount equal to 100% of the unearned purchase price, calculated on a pro rata basis based upon elapsed time, less any claims paid. We may charge a cancellation fee in an amount no greater than ten percent (10%) of the Agreement Purchase Price. A monthly penalty equal to ten percent (10%) of the outstanding provider fee outstanding will be added to a refund that is not paid or credited within thirty (30) days after the return of the Agreement to the provider. INSURANCE section of this Agreement is amended as follows: Obligations of the provider under this Agreement are guaranteed under a service contract reimbursement insurance policy. If the provider fails to pay or provide service on a claim within sixty (60) days after proof of loss has been filed, the Agreement Holder is entitled to make a claim directly against the insurance company.

Appears in 1 contract

Samples: The Agreement

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Iowa. The issuer CANCELLATION section is amended as follows: A ten percent (10%) penalty per month shall be applied to refunds not paid or credited within thirty (30) days of receipt of returned service Agreement. FOR IOWA RESIDENTS ONLY: Should Youhave questions or problems with this Agreement is subject to regulation by contract, You may contact the insurance division of the Department of Commerce of the state of Iowa. Complaints which are not settled by the issuer may be sent to the Iowa Insurance Division, “Attention: Commissioner of Insurance”, 0000 Xxxx Xxx, Xxxxx 000, Xxx Xxxxxx, Xxxx 00000-0000. Maine: CANCELLATION OF THE AGREEMENT section is amended as follows: If We You cancel this Agreement, We shall mail a written notice Agreement within thirty (30) days of termination the date this Agreement was mailed to You at least fifteen or within ten (1510) days before of delivery of this Agreement at the date time of sale and You have not made a claim, You are entitled to a full refund of the terminationamount paid by You for this Agreement. Prior notice of cancellation by Us The right to void the Agreement during such period is not required if the reason for cancellation is nonpayment of the Agreement Purchase Price, a material misrepresentation by You to Us or Administrator, or a substantial breach of duties by You related transferable and applies only to the covered product or its use. The notice of cancellation shall state the effective date of the cancellation and the reason for the cancellation. If this Agreement is cancelled by Us for any reason other than nonpayment of the Agreement Purchase Price, We shall refund You in an amount equal to 100% of the unearned purchase price, calculated on a pro rata basis based upon elapsed time, less any claims paid. We may charge a cancellation fee in an amount no greater than ten percent (10%) of the Agreement Purchase Priceoriginal purchaser. A monthly penalty equal to ten percent (10%) of the outstanding provider fee outstanding will Agreement Price shall be added to a refund that is refunds not paid or credited within thirty forty-five (3045) days after the return of the Agreement to Us. Otherwise, if You terminate this Agreement, You will receive a pro-rata refund based on the providertime expired, less the cost of any claims made. INSURANCE section We may also charge You a reasonable administrative fee, not to exceed ten percent (10%) of the Agreement Price. We may cancel this Agreement is amended as follows: Obligations by providing You with at least fifteen (15) days prior written notice of cancellation mailed to You at Your last known address. If We cancel this Agreement for any reason other than nonpayment, We will refund one hundred percent (100%) of the provider under unearned pro-rata premium, less any claims paid. We may cancel this Agreement are guaranteed under a service contract reimbursement insurance policy. If the provider fails to pay or provide service on a claim for any reason within sixty fifteen (6015) days after proof prior written notice, stating the effective date of loss has been filed, the Agreement Holder is entitled to make a claim directly against the insurance companyand reason for cancellation.

Appears in 1 contract

Samples: Electronics Extended Service Agreement

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