The front page of my Elements Financial statement for the period ending September 30 contains the following notice:
Important Change of Terms
An important change in terms is included adding an arbitration provision and a right to opt out.
Please read it carefully.
(bold in original)
According to Element's "Important Change in Terms" document, the arbitration agreement will be effective "upon the 31st day after we provide it to you" unless the member opts out. That document states that, if the notice was provided by mail, it was provided on the date of mailing. If the notice was provided electronically, it was provided on the date it was sent.
The notice further states: "To opt out, you must notify us in writing of your intent to do so within 30 days after the Effective Date."