WAC 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.