Maryland Insurance Adviser Bond
AmeriPro Surety Bonds | 844-589-9732
Insurance Adviser – Maryland
To become an insurance adviser in Maryland, you must:
- Apply for the NAIC Uniform Individual Application and pay the $200 insurance license fee (make sure that the application is the most up to date);
- Submit to the Commissioner all forms of agreements, statements, and receipts;
- Meet any other requirements;
- File, if you are a Maryland resident, a $1000 surety bond.
Renewal resident applicants must also file a new $1000 bond.
Obtaining your Maryland insurance adviser bond is easy and takes about 5 minutes.
You will complete an application – which can be completed over the phone with an agent. Thereafter, you can pay the premium of just $100 for one year. Once paid, the bond is issued to you immediately.
A copy of the bond can be emailed to you for no additional charge and the original copy with the wet signature will be mailed by the same or the following business day.
There is no credit score inquiry for this adviser surety bond; it is an “instant issue” bond.
Other Surety Bond Payment Options
In addition to the $100 premium, the insurance adviser surety bond can be prepaid for 2 or 3 years at a savings over year to year renewal.
The premium breakdown for these additional years is as follows:
- Prepaid two years for $180;
- Prepaid 3 years for $260.
The Purpose of this Surety Bond
The Maryland insurance adviser bond is a financial guarantee which ensures your compliance with all rules, laws, and amendments involved in being a financial adviser.
The bond protects the state of Maryland and consumers from harm which results as a violation of any statutes; however, your liability under the bond will not exceed the $1000 amount, excluding any other attorney costs and fees.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide surety bonds, including license and permit, court, and fiduciary bonds in Maryland and nationwide.
Please call our agency today at:
Or, you may fill out the form below and an agent will contact you.