Maryland Title Insurance Producer Bond

An Insurance Title Producer Bond is a type of surety bond for those applying to the Insurance Commissioner of the State of Maryland for a license as a Title Producer, as required by the Insurance Laws of Maryland. The title producer surety bond ensures that the bonded principal will account for and pay over all money belonging to others during the term of the license. Such funds those handled by the Title Insurance Producer or the employees or agents of the bonded principal, including Title Insurance Producer Independent Contractors during the course of providing service for or on behalf of the bonded principal, while providing any escrow, closing, or settlement services.