§ 27–406.1

Statutes in effect as of October 1, 2026.

Md. Code Ann., Ins. § 27-406.1 (2026)

Title 27. Unfair Trade Practices and Other Prohibited Practices

Subtitle 4. Fraudulent Insurance Acts

(a)

In this section, “individual surety” means a person that:

(1)

issues surety bonds or contracts of surety insurance; and

(2)

does not have a certificate of authority issued by the Commissioner.

(b)

It is a fraudulent insurance act for an individual surety to solicit or issue a surety bond or contract of surety insurance except as provided in:

(1)

§§ 13–207 and 17–104 of the State Finance and Procurement Article; and

(2)

for an uncompensated person, §§ 5–203 and 5–204 of the Criminal Procedure Article.