(844) 589-9732

Maryland Wine And Liquor Bond

June 25, 2020

The $5000 Maryland wine and liquor bond is offered for 3 years for a $260 premium, on approval of your application. Please call AmeriPro Surety Bonds at 844-589-9732.

Maryland Wine And Liquor Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond: Amount and Purpose

 

 

 

The Maryland wine and liquor bond is a $5,000 surety bond required of those who are applying for Classes E, F, or G licensing.

The Classes, respectively, refer to:

  • Water vessel class;
  • Railroad class;
  • Airplane class.

The surety bond is a requirement of the state’s Comptroller’s office, according to Section 13-825, Tax-General Article of the Annotated Code of Maryland, as amended.

Your surety bond serves as a financial guarantee for the state that all taxes, interests, and penalties owed in connection with the sale of wine and liquor will be paid in a timely manner.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying and approval for the $5,000 Maryland wine and liquor bond includes completing a short surety bond application, and undergoing a review of the application by an underwriter.

Our agency can fill in much of the application with you by phone, but it will require your signature and that of a witness before review (your application does not need to be notarized).

The underwriter review process includes a credit check inquiry. Good credit is required for approval, and upon approval the premium is $100 annually.

Upon approval of your surety bond and payment of at least the first year’s premium, our agency issues your bond to you immediately. Included with your bond will be a Power of Attorney form.

Upon receipt, you’ll sign your bond as Principal and file all documents received to:

Comptroller of Maryland

Field Enforcement Division

Regulatory and Licensing Section

P.O. Box 2999

Annapolis, MD 21404-2999

410-260-7314

 

 

 

Premium Prepayment Options

 

 

 

While at your discretion, our agency strongly recommends that you prepay your bond’s premium for 2 or 3 years.

Premium prepayment lengthens then time between renewals (your bond is issued for a standard 1 year term) and saves you 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 is a surety bonds-only agency which provides Court, license and permit, probate, fiduciary, and other surety bonds in all 50 states.

Please call our agency today at:

 

844-589-9732

 

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