§ 10–301

Statutes in effect as of October 1, 2026.

Md. Code Ann., Ins. § 10-301 (2026)

Title 10. Regulation of Insurance Professions

Subtitle 3. Bail Bondsmen

(a)

In this subtitle the following words have the meanings indicated.

(b)

“Bail bond” means a written obligation of a defendant, with or without a surety or collateral security, that:

(1)

is conditioned on the appearance of the defendant as required; and

(2)

provides for the payment of a penal sum according to its terms.

(c)

“Bail bondsman” means an authorized insurance producer of a surety insurer.

(d)

“Collateral security” means any property deposited, pledged, or encumbered to secure the performance of a bail bond.

(e)

“License” means a license issued by the Commissioner to provide bail bondsman services.

(f)

“Provide bail bondsman services” means to provide any service in the bail bondsman trade.

(g)

(1)

“Surety” means a person, other than the defendant, that guarantees the appearance of the defendant by executing a bail bond.

(2)

“Surety” includes an uncompensated or accommodation surety.

(h)

“Surety insurer” means a person that, for compensation, directly or through an authorized insurance producer, acts as a surety on a bail bond.