How much interest are we talking about? Was there an egregious period of delay such that the Commissioner wanted to set an example here?
I don't know; I will check with the Claimant''s attorney, to see if he can share an approximate figure. <BR>However, the authority of the Commissioner to award interest on penalty awards can be significant, since penalty awards have run to approximately $50,000.00 in some extreme cases. The penalty under Section 86.13 of the Iowa Code can be up to 50% of the accrued amount that was not timely paid, as determined by the agency.<BR>