What is the minimum security deposit required by the Licensing Department after an accident involving bodily injury or property damage?

The minimum security deposit required by the Licensing Department after an accident involving bodily injury or property damage is set at $500. This requirement is established to ensure that drivers involved in accidents have a certain level of financial responsibility, which is intended to cover potential claims for damages or injuries sustained as a result of the accident.

The security deposit serves as a form of assurance that the driver can fulfill any financial obligations that may arise from accidents. In Washington, this requirement reflects the state's commitment to protecting the public by ensuring that drivers maintain adequate coverage, which helps to prevent financial hardships on victims of accidents.

Understanding the implications of this requirement can be crucial for drivers, as failing to meet this security deposit could result in administrative penalties or difficulties in maintaining driving privileges.