CERTIFICATION OF ENROLLMENT

 

                  SUBSTITUTE SENATE BILL 6451

 

                               

 

 

                        52nd Legislature

                      1992 Regular Session

Passed by the Senate February 12, 1992

  Yeas 44   Nays 0

 

 

 

President of the Senate

 

Passed by the House March 6, 1992

  Yeas 96   Nays 0

               CERTIFICATE

 

I, Gordon Golob, Secretary of the Senate of the State of Washington, do hereby certify that the attached is SUBSTITUTE SENATE BILL 6451 as passed by the Senate and the House of Representatives on the dates hereon set forth.

 

 

 

Speaker of the

       House of Representatives

                                 Secretary

 

 

Approved Place Style On Codes above, and Style Off Codes below.

                                     FILED

          

 

 

Governor of the State of Washington

                        Secretary of State

                       State of Washington

                  _______________________________________________

 

                            SUBSTITUTE SENATE BILL 6451

                  _______________________________________________

 

                     Passed Legislature - 1992 Regular Session

 

 

State of Washington              52nd Legislature             1992 Regular Session

 

By Senate Committee on Financial Institutions & Insurance (originally sponsored by Senators von Reichbauer, Vognild and Rasmussen)

 

Read first time 02/07/92.Limiting surety liability.

     AN ACT Relating to insurance coverage; and adding new sections to chapter 19.72 RCW.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

 

     NEW SECTION.  Sec. 1.  A new section is added to chapter 19.72 RCW to read as follows:

     (1) Except under RCW 19.72.109, surety bond means any form of surety insurance as defined in RCW 48.11.080.  A surety bond may not provide any other type of insurance coverage defined in chapter 48.11 RCW.  Language in any statute, ordinance, contract, or surety bond to the contrary is void.

     (2) A surety bond shall not be liable for damages based upon or arising out of any:

     (a) Tortious injury, including death, to:

     (i) Any person; or

     (ii) Any real or personal property; or

     (b) Failure to have any or adequate insurance coverage, even if liability under (a) or (b) of this subsection is imposed on the surety's principal or the surety by contract, surety bond, strict liability, ordinance, statute, or common law.

 

     NEW SECTION.  Sec. 2.  A new section is added to chapter 19.72 RCW to read as follows:

     This chapter applies to all sureties, regardless of whether the sureties are compensated or uncompensated.