Plain Text Law

Regulation .07 Rates.

Regulation .07 Rates.Copy Citation

A.
A bail bondsman shall issue a bail bond that complies with Insurance Article, §27-216, Annotated Code of Maryland.
B.
Except as provided in §C of this regulation, it shall be an unfair trade practice and a violation of the Insurance Article, §27-216, Annotated Code of Maryland, for a bail bondsman to sell, solicit, procure, or negotiate a bail bond if:
(1)
A surety insurer has an approved premium rate for both cash bail bonds and corporate surety bail bonds;
(2)
The premium rates differ for cash bail bonds and corporate surety bail bonds; and
(3)
A defendant is sold a bail bond with the higher premium rate.
C.
If a surety insurer has approved premium rates for cash bail bonds and corporate surety bail bonds, a bail bondsman may sell a defendant a bail bond regardless of the approved premium rate if the court specifies a type of bail bond.