S-1837               _______________________________________________

                                                   SENATE BILL NO. 5882

                        _______________________________________________

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.

In lieu of public liability and property damage insurance required by this section, the contractor may file with the department a deposit consisting of cash or securities acceptable to the department.