S-4798               _______________________________________________

                                                   SENATE BILL NO. 6869

                        _______________________________________________

State of Washington                               51st Legislature                              1990 Regular Session

By Senators Bauer, Johnson, Madsen and Hansen

Read first time 2/1/90 and referred to Committee on  Transportation.

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.  Section 2, chapter 31, Laws of 1988 as amended by section 2, chapter 60, Laws of 1989 and RCW 81.80.430 are each amended to read as follows:

          (1) Each broker ((or forwarder)) domiciled in this state 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) It is unlawful for a broker or forwarder domiciled in this state 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 the Washington utilities and transportation commission.  The commission shall grant such registration without hearing, upon application and payment of the appropriate filing fee prescribed by this chapter for other applications for operating authority.

          (3) Failure to file the bond or deposit the security 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.