Statutes, codes, and regulations
Revised Code of Washington
Title 18 - BUSINESSES AND PROFESSIONSChapter 18.44 - ESCROW AGENT REGISTRATION ACT
BONDING
Section 18.44.221 - Waiver of bond or policy where not reasonably available-Determination procedure-Waiver period

Wash. Rev. Code § 18.44.221

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Current through Chapter 376 of the 2024 Regular Session
Section 18.44.221 - Waiver of bond or policy where not reasonably available-Determination procedure-Waiver period

The director shall, within thirty days after a written request, hold a public hearing to determine whether the fidelity bond, surety bond, and/or the errors and omissions policy specified in RCW 18.44.201 is reasonably available to a substantial number of licensed escrow agents. If the director determines and the insurance commissioner concurs that such bond or bonds and/or policy is not reasonably available, the director shall waive the requirements for such bond or bonds and/or policy for a fixed period of time.

RCW 18.44.221

Amended by 2011SP1 c 21,§ 46, eff. 7/1/2011.
1999 c 30 § 31; 1988 c 178 § 2; 1977 ex.s. c 156 § 30. Formerly RCW 18.44.360.

Effective date- 2011 1st sp.s. c 21 : See note following RCW 72.23.025.

Severability-1988 c 178: See note following RCW 18.44.400.