Proof of financial responsibility may be evidenced by the certificate of the department that the person named therein has deposited with him or her sixty thousand dollars in cash, or securities such as may legally be purchased by savings banks or for trust funds of a market value of sixty thousand dollars. The department shall not accept any such deposit and issue a certificate therefor and the department shall not accept such certificate unless accompanied by evidence that there are no unsatisfied judgments of any character against the depositor in the county where the depositor resides.
RCW 46.29.550
Money or securities 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)
2014 c 17 s 1; 2010 c 8 s 9046; 1980 c 117 s 7; 1967 ex.s. c 3 s 5; 1963 c 169 s 55.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.