(844) 589-9732

Maryland Electricity Broker Bond

June 30, 2020

The $10,000 Maryland electricity broker bond is offered by AmeriPro Surety Bonds for $100 for 1 year, $180 for 2 years, and $260 for 3 years. Please call us at 844-589-9732.

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

16th Floor

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.

 

 

 

About Us

 

 

 

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:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you...

Request a Callback

  • MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your surety bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

BE IN TOUCH

CONTACT US