Regulates service contracts and protection product guarantees in Washington State.

This bill regulates service contracts and protection product guarantees in Washington State. It mandates that service contract providers must allow consumers to return the contract within 30 days for a full refund if no claim has been made. It also requires providers to permit arbitration proceedings to be held near the contract holder's residence. The bill outlines financial responsibility requirements for service contract providers, including maintaining a minimum net worth and filing financial statements.

Regulates service contracts and protection product guarantees in Washington State.

This bill regulates service contracts and protection product guarantees in Washington State. It mandates that service contract providers must allow consumers to return the contract within 30 days for a full refund if no claim has been made. It also requires providers to permit arbitration proceedings to be held near the contract holder's residence. The bill outlines financial responsibility requirements for service contract providers, including maintaining a minimum net worth and filing financial statements.