AGO Opinion Topics: INSURANCE POLICIES

School districts may, but are not required to advertise for bids under chapter 224, Laws of 1961 (RCW 28.58.135), when purchasing public liability or fire insurance policies even though the anticipated premiums may exceed $2500.

A school district of the first class may, but is not required to, advertise for bids in purchasing a contract of public liability or fire insurance, although the anticipated premiums may exceed $1,000.00.   The board of directors of a district must act in good faith in awarding the contract for insurance.