Maryland Automobile Insurance Fund Producer’s Bond

The Maryland Automobile Insurance Fund requires this surety bond in the amount of $10,000 under Section 20-511 of the Insurance Article, annotated Code of Maryland. The bond confirms that the bond holder will conduct business as a Producer for MAIF and will account for and pay over to the person entitled all money belonging to the entitled person who may come into the hands of the bond holder, in accordance with the provisions of this Subtitle and the Binding Rules of MAIF. In most cases, the premium on this bond is as little as $100.

To Secure a Maryland Automobile Insurance Fund Producer’s Bond: 

  1. Complete an online application.
  2. One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
  3. Provide payment and your signed agreement, then you will receive your bond!

** all bonds are subject to the underwriting terms and conditions of the issuing company.