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Current as of January 01, 2025 | Updated by Findlaw Staff
If the cost of any insurance is included in the retail installment contract, retail charge agreement, or lender credit card agreement:
(1) The contract or agreement shall state the nature, purpose, term, and amount of such insurance, and in connection with the sale of a motor vehicle, the contract shall state that the insurance coverage ordered under the terms of this contract does not include “bodily injury liability,” “public liability,” and “property damage liability” coverage, where such coverage is in fact not included;
(2) The contract or agreement shall state whether the insurance is to be procured by the buyer or the seller;
(3) The amount, included for such insurance, shall not exceed the premiums chargeable in accordance with the rate fixed for such insurance by the insurer, except where the amount is less than one dollar;
(4) If the insurance is to be procured by the seller or holder, he or she shall, within forty-five days after delivery of the goods or furnishing of the services under the contract, deliver, mail, or cause to be mailed to the buyer, at his or her address as specified in the contract, a notice thereof or a copy of the policy or policies of insurance or a certificate or certificates of the insurance so procured.
Cite this article: FindLaw.com - Washington Revised Code Title 63. Personal Property § 63.14.140. Retail installment contracts, retail charge agreements, and lender credit card agreements--Insurance - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-63-personal-property/wa-rev-code-63-14-140/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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