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Senate committee recommends due pass on bill tightening service contract provider financial requirements
Summary
The Washington Senate Business, Financial Services & Trade Committee voted to give House Bill 1006 a due-pass recommendation after staff summarized changes to financial responsibility rules for service contract and product guarantee providers and a fiscal note from the Office of the Insurance Commissioner.
The Washington State Senate Business, Financial Services & Trade Committee voted March 26 to recommend House Bill 1006 for passage and to send it to the rules committee.
Committee staff member John Kim summarized the bill for the committee, saying it revises financial responsibility requirements for service contract providers and protection product guarantee providers and noting a…
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