2005 Washington Revised Code RCW 81.70.280: Insurance or bond for liability and property damage.

(1) In granting certificates under this chapter, the commission shall require charter party carriers and excursion service carriers of passengers to procure and continue in effect during the life of the certificate, liability and property damage insurance from a company licensed to make liability insurance in the state of Washington or a surety bond of a company licensed to write surety bonds in the state of Washington on each motor-propelled vehicle used or to be used in transporting persons for compensation, in the following amounts:

     (a) Not less than one hundred thousand dollars for any recovery for personal injury by one person; and

     (b) Not less than three hundred thousand dollars for any vehicle having a capacity of sixteen passengers or less; and

     (c) Not less than five hundred thousand dollars for any vehicle having a capacity of seventeen passengers or more for all receiving personal injury by reason of at least one act of negligence; and

     (d) Not less than fifty thousand dollars for damage to property of any person other than the insured.

     (2) The commission shall fix the amount of the insurance policy or policies or security deposit giving consideration to the character and amount of traffic, the number of persons affected, and the degree of danger which the proposed operation involves. Such liability and property damage insurance or surety bond shall be maintained in force on each motor-propelled vehicle while so used. Each policy for liability or property damage insurance or surety bond required herein shall be filed with the commission and kept in effect and a failure so to do is cause for revocation of the certificate.

[1989 c 163 § 11; 1988 c 30 § 8.]