CERTIFICATION OF ENROLLMENT
SUBSTITUTE HOUSE BILL 2005
Chapter 146, Laws of 1991
52nd Legislature
1991 Regular Session
FREIGHT BROKERS AND FORWARDERS‑-PROOF OF FINANCIAL RESPONSIBILITY
EFFECTIVE DATE: 7/28/91
Passed by the House March 20, 1991
Yeas 98 Nays 0
JOE KING
Speaker of the
House of Representatives
Passed by the Senate April 12, 1991
Yeas 39 Nays 0
JOEL PRITCHARD
President of the Senate
Approved May 10, 1991
BOOTH GARDNER
Governor of the State of Washington
CERTIFICATE
I, Alan Thompson, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is SUBSTITUTE HOUSE BILL 2005 as passed by the House of Representatives and the Senate on the dates hereon set forth.
ALAN THOMPSON Chief Clerk
FILED
May 10, 1991 - 2:46 p.m.
Secretary of State
State of Washington
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SUBSTITUTE HOUSE BILL 2005
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Passed Legislature - 1991 Regular Session
State of Washington 52nd Legislature 1991 Regular Session
By House Committee on Transportation (originally sponsored by Representatives Jones, Wilson, R. Fisher and Schmidt).
Read first time March 11, 1991.
AN ACT Relating to freight brokers and forwarders; and amending RCW 81.80.430.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. RCW 81.80.430 and 1990 c 109 s 1 are each amended to read as follows:
(1) ((After
June 30, 1991, each broker or forwarder)) A person who provides
brokering or forwarding services for the transportation of property in
intrastate commerce shall file with the commission and keep in effect, a
surety bond or deposit of satisfactory security, in a sum to be determined by
the commission, but not less than five thousand dollars, conditioned upon such
broker or forwarder making compensation to shippers, consignees, and carriers
for all moneys belonging to them and coming into the broker's or forwarder's
possession in connection with the transportation service.
(2) ((After
June 30, 1991,)) It is unlawful for a broker or forwarder to conduct
business ((as such)) in this state without first securing appropriate
authority from the Interstate Commerce Commission, if such authority is
required, and registering with and providing satisfactory evidence of
financial responsibility to the Washington utilities and transportation
commission. Satisfactory evidence of financial responsibility shall consist
of a surety bond or deposit of security. Compliance with this requirement may
be met by filing a copy of a surety bond or trust fund approved by the
Interstate Commerce Commission. The commission shall grant such
registration without hearing, upon application and payment of ((the
appropriate filing)) a one-time registration fee as
prescribed by ((this chapter for other applications for operating authority))
the commission. For purposes of this subsection, a broker or forwarder
conducts business in this state when the broker or forwarder, its employees, or
agents is physically present in the state and is acting as a broker or
forwarder.
(3)
Failure to file the bond ((or)), deposit ((the)) security,
or provide satisfactory evidence of financial responsibility is sufficient
cause for refusal of the commission to grant the application for a permit or
registration. Failure to maintain the bond or the deposit of security is sufficient
cause for cancellation of a permit or registration.