Maryland Electricity Broker Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bond; Purpose
Maryland electricity brokers who will not be taking title to the electricity brokered are required by the state’s Public Service Commission to obtain a $10,000 surety bond.
The surety bond requirement serves as a financial guarantee for the Commission that you will act as an Electricity Supplier in accordance with Maryland Annotated Code, Public Utilities Article 7-507, as amended.
Qualifying and the Premium
The $10,000 Maryland electricity broker/aggregator bond, like the Maryland natural gas broker bond, is offered to you by our agency for immediate issuance.
What this means for you is that we offer this surety bond without a review by an underwriter and without a credit check inquiry.
We will take the application from you by phone, and the premium is $100 annually.
Upon payment of at least the first year’s premium, our agency issues your bond and a Power of Attorney form to you for filing.
It is the original documents, received by mail, that you’ll file. Upon receipt, you’ll sign your bond as Principal, filing all completed surety bond documents received to:
Maryland Public Service Commission
6 St. Paul Street
Baltimore, MDS 21202
Premium Prepayment Options
You also have the option to prepay your bond’s premium for 2 or 3 years. Besides lengthening the time between renewals, premium prepayment offers you a savings over annual renewals.
The premium prepayment options and savings are as follows:
- If prepaid for 2 years, the premium is $180, a $20 savings;
- If prepaid for 3 years, the premium is $260, a $40 savings.
AmeriPro Surety Bonds provides license and permit, Court, probate, injunction, and other surety bonds in Maryland and all 50 states.
We are a surety bonds-only agency. Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you…