Revised Code of Washington - RCW Title 19 Business Regulations -- Miscellaneous - Section 19.72.107 Surety bond -- Liability limited

§ 19.72.107. Surety bond -- Liability limited

(1) Except under RCW 19.72.109, surety bond means any form of surety insurance as defined in RCW 48.11.080. A surety bond may not provide any other type of insurance coverage defined in chapter 48.11 RCW. Language in any statute, ordinance, contract, or surety bond to the contrary is void.

(2) A surety bond shall not be liable for damages based upon or arising out of any:

(a) Tortious injury, including death, to:

(i) Any person; or

(ii) Any real or personal property; or

(b) Failure to have any or adequate insurance coverage, even if liability under (a) or (b) of this subsection is imposed on the surety's principal or the surety by contract, surety bond, strict liability, ordinance, statute, or common law.

[1992 c 115 § 1.]

Sections:  Previous  19.72.040  19.72.060  19.72.070  19.72.080  19.72.090  19.72.100  19.72.101  19.72.107  19.72.109  19.72.110  19.72.130  19.72.140  19.72.141  19.72.150  19.72.160  Next

Last modified: April 7, 2009