Revised Code of Washington
Chapter 48.110 - Service Contracts and Protection Product Guarantees.
48.110.010 - Finding—Declaration—Purpose.

RCW 48.110.010
Finding—Declaration—Purpose.

The legislature finds that increasing numbers of businesses are selling service contracts for repair, replacement, and maintenance of motor vehicles, appliances, computers, electronic equipment, and other consumer products. There are risks that contract obligors will close or otherwise be unable to fulfill their contract obligations that could result in unnecessary and preventable losses to citizens of this state. The legislature declares that it is necessary to establish standards that will safeguard the public from possible losses arising from the conduct or cessation of the business of service contract obligors or the mismanagement of funds paid for service contracts. The purpose of this chapter is to create a legal framework within which service contracts may be sold in this state and to set forth requirements for conducting a service contract business.

[ 2006 c 274 § 1; 1999 c 112 § 1.]

Structure Revised Code of Washington

Revised Code of Washington

Title 48 - Insurance

Chapter 48.110 - Service Contracts and Protection Product Guarantees.

48.110.010 - Finding—Declaration—Purpose.

48.110.015 - Exempt from title—Application of chapter.

48.110.017 - Application of chapter.

48.110.020 - Definitions.

48.110.030 - Registration required—Application—Required information—Grounds for refusal—Annual renewal.

48.110.033 - Application of RCW 48.110.030—Exceptions.

48.110.040 - Filing of annual report—Fee—Investigations—Confidentiality.

48.110.050 - Obligations of service contract provider—Limited application.

48.110.055 - Protection product guarantee providers—Obligations—Application—Required information—Grounds for refusal—Annual renewal.

48.110.060 - Reimbursement insurance policies insuring service contracts or protection product guarantees.

48.110.070 - Service contracts—Form—Required contents—Limited application.

48.110.073 - Service contract forms—Motor vehicles—Reliance on reimbursement insurance policy.

48.110.075 - Service contracts on motor vehicles—Obligations of provider—Contract requirements.

48.110.078 - Calculation of minimum net worth or stockholder's equity—Accounting principles.

48.110.080 - Name of service contract provider or protection product guarantee provider—Use of legal name—False or misleading statements—Restrictions on requirement to purchase service contract.

48.110.090 - Recordkeeping of service contract provider or protection product guarantee provider—Requirements—Duration—Form.

48.110.100 - Termination of reimbursement insurance policy.

48.110.110 - Service contract provider or protection product guarantee provider—Agent of insurer which issued reimbursement insurance policy.

48.110.120 - Commissioner may conduct investigations.

48.110.130 - Denial, suspension, or revocation of registration—Immediate suspension without notice or hearing—Fine.

48.110.140 - Application of consumer protection act.

48.110.150 - Rules.

48.110.900 - Date of application to service contracts.

48.110.902 - Application of chapter to motor vehicle manufacturers or import distributors.

48.110.904 - Effective date—2006 c 274.