Proof of financial responsibility may be evidenced by the bond of a surety company duly authorized to transact business within this state, or a bond with at least two individual sureties each owning real estate within this state, and together having equities equal in value to at least twice the amount of the bond, which real estate shall be scheduled in the bond approved by a judge of the superior court, which said bond shall be conditioned for payment of the amounts specified in RCW 46.29.260. Such bond shall be filed with the department and shall not be cancellable except after ten days written notice to the department.
RCW 46.29.520
Bond as proof.
Applied in 1 court decision — leading case Miller v. Aetna Life & Casualty Co. (1993)
Most recently applied in Miller v. Aetna Life & Casualty Co. (June 1993)
1963 c 169 s 52.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.