The Service Contract Industry Council (SCIC) is a national trade association that works with lawmakers across the country to develop fair and uniform regulation to protect consumers, and is an advocate for the regulation of the service contract industry. SCIC member companies, which include prominent manufacturers, insurers, retailers, providers and administrators of service contracts, collectively offer approximately 80 percent of all appliance, consumer electronics, home and vehicle service contracts sold in the U.S.
The SCIC monitors state legislative and regulatory activities, contributes to relevant legislative and administrative proceedings, and educates businesses and consumers about the value and benefits of service contracts. Since 1988, the SCIC has been the national leader and pivotal force in the development of model legislation throughout the country, working for balanced standards that create fair and consistent regulation of the service contract industry.
The SCIC played a significant role in the development of the Service Contract Model Act adopted by the National Association of Insurance Commissioners, and has played a key role in the enactment of legislation in more than 35 states. Furthermore, the SCIC has worked with state regulators in numerous other states to either modify existing regulations or conform state regulatory policies in a manner consistent with the standards of practice appropriate for the industry and its customers.