1194-S AMS KLIN ROEJ 041
SHB 1194 - S AMD TO S-2268.3 277
By Senator Kline
NOT CONSIDERED 05/25/2011
Surety insurance, as defined in RCW 48.11.080, shall be subject to the rate standard set forth in RCW 48.19.020. The rate standard shall be set at a minimum of five percent."
Renumber the remaining sections consecutively and correct any internal references accordingly.
EFFECT: Provides that surety rates are subject to the regulation and approval of the Office of the Insurance Commissioner and shall not be set below five percent.
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