Within how many working days must a surplus lines broker provide information to a party injured under terms of the bond?

A surplus lines broker is required by Washington state law to provide information to a party who is injured under the terms of the bond within three working days. This timeframe ensures that claimants receive timely communication regarding their situation, which can be crucial in managing expectations and facilitating the claims process. Prompt reporting helps maintain transparency and accountability, which are vital for upholding the integrity of the insurance industry. The provision of information within this specified period reflects the regulatory framework designed to protect consumers and encourages brokers to act with a sense of urgency. Understanding this timeline is essential for brokers to ensure compliance with state regulations and to effectively serve their clients.