# Insurance (GIN)

## Title 1. Definitions; General Provisions

### Subtitle 2. General Provisions

#### Section 1-203

(a)

  (1) In this section the following words have the meanings indicated.

  (2) "Certificate of guarantee" means an instrument that is issued:

    (i) by a nonprofit association of contractors, or its wholly owned subsidiary that is approved to operate by a county; and

    (ii) on behalf of a contractor for the purpose of satisfying:

      (1) county bond requirements for public improvements; or

      (2) other county bond requirements.

  (3) "Contractor" means a person that, for a fixed price, commission, fee, or percentage, undertakes to bid on or accepts or offers to accept orders or contracts to perform or supervise the construction, improvement, or maintenance of a building, structure, or road.

(b) This article does not apply to a certificate of guarantee.

(c) A county:

  (1) may honor certificates of guarantee; but

  (2) is not required under this article to honor certificates of guarantee.

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Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)