This surety bond is required by the State of Maryland in the amount of $50,000 in compliance with the Annotated Code of Maryland Section 23-202(a)(4). The bond is necessary for those who run an insurance premium finance company in Maryland. In most cases, the premium on this bond is as little as $500.
To Secure a Maryland Premium Finance Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- 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.