Maryland Automobile Insurance Fund Producer's Bond

An Automobile Insurance Fund Producer's Bond is a type of surety bond for those who have applied to the Maryland Automobile Insurance Fund for appointment as a Producer, as required by Section 20-511 of the Insurance Article, Annotated Code of Maryland. This surety bond guarantees proper and ethical business conduct as a Producer for Maryland Automobile Insurance Fund. Specific requirements include proper accounting and payment to entitled persons of any moneys belonging to them or owed by Producer, in accordance with the provisions of this Subtitle and the Binding Rules of the Maryland Automobile Insurance Fund.