Section 296-200A-060 - What procedures must be followed when surety bonds and/or insurance policies are canceled?(1) Insurance and bonding companies must send cancellation notices to the department.(2) Cancellation notices must contain the following information: (a) The name of the contractor exactly as it appears in the contractor's registration file;(b) The contractor's registration number;(c) The contractor's business address;(d) The names of the owners, partners, or officers of the contractor;(e) The bond or insurance policy number; and(f) The effective date of the bond or insurance policy.(3) The cancellation of a surety bond or insurance policy shall be considered effective immediately after the department receives a cancellation notice unless a later specific date is provided.Wash. Admin. Code § 296-200A-060
Statutory Authority: RCW 18.27.040, 18.27.070, 18.27.075, 18.27.125, 2001 c 159, and chapter 18.27 RCW. 03-20-097, § 296-200A-060, filed 9/30/03, effective 11/17/03. Statutory Authority: Chapter 18.27 RCW. 97-24-071, § 296-200A-060, filed 12/2/97, effective 1/5/98.