This office clause is a form dealing with compliance with legal requirements and insurance recommendations covering most all of the issues covered.
Washington Clause Addressing Compliance with Legal Requirements and Insurance Recommendations
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Multi-State
Control #:
US-OL13064
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Word;
PDF
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FAQ
Financial responsibility law does not specifically require the party to have insurance coverage. Instead, the law requires that they be able to demonstrate the financial capacity to pay for the full amount of the damages, even if they are not at fault.
What is the Financial Responsibility Law? Washington's financial responsibility law requires uninsured drivers and vehicle owners to be responsible for collision damages if there is a reasonable possibility that a court will make a judgment against them.
Exceptions to the law Motor scooters (leg.wa.gov) and mopeds (leg.wa.gov) Specially licensed horseless carriage vehicles (leg.wa.gov) over 40 years old. State or publicly-owned vehicles (leg.wa.gov)
The insurance policy must have limits of at least: $25,000 of bodily injury or death of 1 person in any 1 accident. $50,000 of bodily injury or death of any 2 people in any 1 accident. $10,000 of injury to or destruction of property of others in any 1 accident.
RCW 70.02.030 A health care provider shall honor an authorization and, if requested, provide a copy of the recorded health care information unless the health care provider denies the patient access to health care information under RCW 70.02.
What Are the Types of Financial Responsibility? Motor vehicle liability insurance policy. Cash deposit of $35,000 with DMV. DMV-issued self-insurance certificate. Surety bond for $35,000 from a company licensed to do business in California.
The insurance policy must have limits of at least: $25,000 of bodily injury or death of 1 person in any 1 accident. $50,000 of bodily injury or death of any 2 people in any 1 accident. $10,000 of injury to or destruction of property of others in any 1 accident.
Certificate of deposit for at least $60,000, issued by us (DOL). See Certificate of deposit. Liability bond for at least $60,000. You can get this from any surety or bonding company authorized to do business in Washington.
