Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
Title 18. BUSINESSES AND PROFESSIONS |
Chapter 18.44. Escrow agent registration act. |
Section 18.44.221. Waiver of bond or policy where not reasonably available—Determination procedure—Waiver period.
Latest version.
- 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.