WAC 296-200A-065. What procedures must be followed when surety bonds and/or other securities approved by the department become impaired?

(1) Once the department has been notified that the surety bond or other security approved by the department has been impaired by a final judgment or reduced by payment to an amount less than is required by WAC 296-200A-030 , the contractor's registration will automatically be suspended and the department will mail a letter to the contractor within two days. (2) Once the unsatisfied final judgment has been satisfied, the contractor may reapply according to the requirements of this chapter.