Revised Code of Washington
Chapter 48.110 - Service Contracts and Protection Product Guarantees.
48.110.090 - Recordkeeping of service contract provider or protection product guarantee provider—Requirements—Duration—Form.

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

(1) The service contract provider or protection product guarantee provider shall keep accurate accounts, books, and records concerning transactions regulated under this chapter.
(2) The service contract provider's or protection product guarantee provider's accounts, books, and records shall include the following:
(a) Copies of each type of service contract or protection product guarantees offered, issued, or sold;
(b) The name and address of each service contract holder or protection product guarantee holder, to the extent that the name and address have been furnished by the service contract holder or protection product guarantee holder;
(c) A list of the locations where the service contracts or protection products are marketed, sold, or offered for sale; and
(d) Written claim files that contain at least the dates, amounts, and descriptions of claims related to the service contracts or protection products.
(3) Except as provided in subsection (5) of this section, the service contract provider or protection product guarantee provider shall retain all records required to be maintained by subsection (1) of this section for at least six years after the specified coverage has expired.
(4) The records required under this chapter may be, but are not required to be, maintained on a computer disk or other recordkeeping technology. If the records are maintained in other than hard copy, the records shall be capable of duplication to legible hard copy.
(5) A service contract provider or protection product guarantee provider discontinuing business in this state shall maintain its records until it furnishes the commissioner satisfactory proof that it has discharged all obligations to service contract holders or protection product guarantee holders in this state.

[ 2006 c 274 § 10; 1999 c 112 § 10.]

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.