(844) 589-9732

Maryland Surplus Lines Agent Bond

June 3, 2019

The Maryland surplus lines agent bond is a $10,000 surety bond. Your cost is just $100 annually, with no credit inquiry. Please call our agency today at: 844-589-9732.

Maryland Surplus Lines Agent Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surplus Lines Agent - Maryland

 

 

 

The Maryland Insurance Administration regulates the licensing of surplus lines agents.

Surplus lines agents are required to furnish evidence of a surety bond which our agency offers for one low price.

 

 

 

Maryland Surplus Lines Agent Bond: Amount of the Bond and the Premium

 

 

 

The Maryland surplus lines agent bond is a $10,000 surety bond required by statute.

As an applicant for this surety bond, new or renewal, qualifying is easy.

  • You will complete the application (which can be done in a matter of a few minutes with an agent);
  • Pay the premium, which is just $100;
  • The bond is issued to you immediately.

Once issued, a copy of the bond can be sent to you by email at no extra charge. The original surety bond with the wet signature will be mailed the same or the following business day.

There is no credit score inquiry for this surety bond.

 

 

 

Prepayment Options

 

 

 

The decision is entirely yours; however, the option exists to prepay the Maryland surplus lines agent bond for 2 or 3 years. If chosen, this offers a savings over year to year premium renewal.

The breakdown is as follows:

  • Prepaid for 2 years, the premium is $175;
  • Prepaid for 3 years, the premium is $250.

 

 

The Purpose of this Bond:

 

 

 

The purpose of the surplus lines agent bond is a financial guarantee for the state’s Insurance Administration that you will be in compliance with Section 324.

More specifically, the bond is a financial pledge that you will promptly remit any taxes related to income received as a surplus lines agent as required to do so by law.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and fiduciary surety bonds throughout Maryland.

Our agency also provides surety bonds nationwide.

Please call us today at:

 

 

 

844-589-9732

 

 

 

Or, you may fill out the form below and an agent will contact you...

 

 

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