Introduced by Rep. Jake Fey (Tacoma) (D) on January 17, 2014
Provides that the Department of Licensing, rather than the State Treasurer, is the
agency authorized to issue a certificate when a driver has posted the required security
to demonstrate proof of financial responsibility for motor vehicle accidents that
involve the damage to property, personal injury, or death to others.
Increases the amount of the security deposit required to demonstrate financial
responsibility regarding motor vehicle accidents from $60,000 to $65,000.
Increases the minimum requirement for liability insurance for property damage to
$15,000. Official Text and Analysis.
Referred to the House Business & Financial Services Committee on January 17, 2014
Substitute offered in the House on January 29, 2014
Removes the provisions regarding the increases in the amounts of security and the minimum
requirement for liability insurance for property damage.
Referred to the House Rules Committee on January 31, 2014