Bill > HB1928

This bill aims to regulate service contracts and protection product guarantees in Washington state. Key provisions include: - Expanding the definition of a "service contract" to include certain types of contracts related to motor vehicles, such as for tire/wheel repair, paintless dent removal, and windshield chip/crack repair. - Allowing protection product guarantee providers to demonstrate financial responsibility or assure faithful performance of obligations to consumers through methods similar to those required of service contract providers, such as maintaining a certain level of net worth or providing a surety bond or other security. - Requiring protection product guarantee providers to register with the insurance commissioner and meet certain requirements. - Enhancing the requirements for reimbursement insurance policies that back service contracts and protection product guarantees, including specifying that the insurer must pay or perform on behalf of the provider if the provider fails to do so. - Providing consumers with certain protections and rights, such as the ability to return a service contract or protection product guarantee for a refund within a certain time period. - Applying the state's consumer protection act to violations of the provisions in this bill.