$100,000 | for any recovery for personal injury by one person, and | |
$1,000,000 | for all persons receiving personal injury and property damage by reason of one act of negligence, and | |
$50,000 | for damage to property of any person other than the insured, or | |
$1,000,000 | combined bodily injury and property damage liability insurance. |
"Know all persons by these presents: |
That we of the City of , State of Washington, as principal, and , a corporation organized and existing under and by virtue of the Laws of the State of Washington under the laws thereof, as surety, are held and firmly bound unto the State of Washington, in the just and full sum or lawful money of the United States of America, upon each and every vessel operated by the principal herein in the amounts as set out in the schedule above for the payment of which well and truly to be made, do hereby bind ourselves, or heirs, executors, administrators, successors and assigns, severally by these presents. |
Signed, sealed and dated this day of 19. |
This bond is written in pursuance of and is to be construed in accordance with chapter 81.84 RCW, and the rules and regulations of the Washington Utilities and Transportation Commission, adopted thereunder; is to be filed with the State for the benefit of persons who sustain damage or injury from the negligent operations of any and all vessels operated by the company (principal herein) under and by virtue of its certificate or registration granted by the Washington Utilities and Transportation Commission, and Tariffs and Time Schedules filed thereunder. |
SCHEDULE | |||
$100,000 | for any recovery for personal injury by one person and | ||
$1,000,000 | for all persons receiving personal injury and property damage by reason of one act of negligence, and | ||
$50,000 | for damage to property of any person other than the insured, or | ||
$1,000,000 | combined bodily injury and property damage liability. |
Now, therefore, the condition of this obligation is such that if the said principal in accordance with the provision of chapter 81.84 RCW, shall pay all damages for personal injuries which may be sustained by any person or any damage to property of any person other than the assured, by reason of any act of negligence on the part of the said principal, its agents or employees in the operation of vessels in transporting persons and property for compensation, under its Certificate of Public Convenience and Necessity or registration issued by the Washington Utilities and Transportation Commission, and Tariffs and Time Schedules filed thereunder, then this obligation to be void, otherwise to remain in full force and effect. |
This bond may be cancelled by the surety at any time by filing written notice with the Washington Utilities and Transportation Commission stating when the cancellation shall be effective, but in no case shall such cancellation notice be effective until thirty (30) days after the receipt of such notice by the Washington Utilities and Transportation Commission. |
Principal |
Surety" |
Wash. Admin. Code § 480-51-070
Statutory Authority: RCW 81.84.070, 1993 c 427, 1995 c 361 and RCW 80.01.040(4). 95-22-001 (Order R-435, Docket No. TS-941485), § 480-51-070, filed 10/18/95, effective 11/18/95.