Maryland Surplus Lines Producer Bond

Surplus Lines Producers in Maryland who have applied for a license or are currently licensed in the state must post a surety bond called a Surplus Lines Bond with the Insurance Commissioner of the State of Maryland. The primary purpose of this surety bond is to ensure that the Surplus Lines Producer conducts business in accordance with the provisions of the Insurance Laws of Maryland and the bonded principal remits taxes in accordance with Section 324 of the Insurance Laws of Maryland.