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WA SB5108
Bill
Status
Engrossed
2/5/2025
Primary Sponsor
Claudia Kauffman
Click for details
AI Summary
- Allows service contract providers and protection product guarantee providers to have multiple reimbursement insurance policies concurrently in force, rather than requiring a single policy covering all contracts
- Requires reimbursement insurance policies to pay on behalf of providers when the provider fails to perform or is unable to fulfill contractual obligations to consumers
- Establishes that if a provider fails to deliver covered services within 30 days of proof of loss, consumers can apply directly to the reimbursement insurance company for payment
- Permits providers to use insurance that only pays in cases of provider default or nonperformance, rather than requiring full coverage of all obligations
- Amends multiple sections of RCW Chapter 48.110 to align financial responsibility requirements for protection product guarantee providers with existing service contract provider standards
Legislative Description
Regulating service contracts and protection product guarantees.
Last Action
Senate Rules "X" file.
1/12/2026
Committee Referrals
Rules4/27/2025
Rules3/20/2025
Consumer Protection & Business2/7/2025
Rules1/24/2025
Business, Financial Services & Trade1/13/2025
Full Bill Text
No bill text available