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                                          ENGROSSED SENATE BILL NO. 5882

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State of Washington                              50th Legislature                              1987 Regular Session

By Senators Moore and Patterson

Read first time 2/18/87 and referred to Committee on Commerce & Labor.

AN ACT Relating to contractors insurance; and amending RCW 18.27.050.

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

        Sec. 1.  Section 5, chapter 77, Laws of 1963 and RCW 18.27.050 are each amended to read as follows:

          ((At the time of registration the applicant shall furnish to the director satisfactory evidence that the applicant has procured and has in effect public liability and property damage insurance covering the applicant's contracting operations in the sum of not less than twenty thousand dollars for injury or damage to property and fifty thousand dollars for injury or damage including death to any one person and one hundred thousand dollars for injury or damage including death to more than one person.

          In the event that such insurance shall cease to be effective the registration of the contractor shall be suspended until such insurance shall be reinstated.))

(1) At the time of registration and subsequent re-registration, the applicant shall furnish insurance or financial responsibility in the form of an assigned account in the amount of twenty thousand dollars for injury or damages to property, and fifty thousand dollars for injury or damage including death to any one person, and one hundred thousand dollars for injury or damage including death to more than one person or financial responsibility to satisfy these amounts.

(2) Failure to maintain insurance or financial responsibility relative to the contractor's activities shall be cause to suspend or deny the contractor his or her or their registration.