2564-S AMH NELS HELA 091

SHB 2564 - H AMD 1052

By Representative Nelson

ADOPTED 2/11/2010

    On page 9, line 16, after "agent." insert "In the event that the fidelity bond required under this subsection is not reasonably available, the director may adopt rules to implement a surety bond requirement."

    On page 9, line 17, after "(3)" strike all material through "(4)" on page 10, line 14

    Renumber the remaining subsection consecutively and correct any internal references accordingly.

EFFECT: Removes provisions regarding the surety bond that is required if fidelity coverage is not available. Gives the Department of Financial Institutions authority to adopt rules to implement a surety bond requirement if a fidelity bond is not reasonably available.

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