Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 03 - INSURANCE PRODUCERS AND OTHER INSURANCE PROFESSIONALS
Chapter 31.03.05 - Bail Bonds
Section 31.03.05.08 - Indemnity Agreement
Current through Register Vol. 51, No. 19, September 20, 2024
An indemnity agreement shall:
A. Contain the signatures of the bail bondsman providing the bail bondsman services and the person signing the indemnity agreement;
B. Be executed prior to the issuance of a bail bond;
C. Contain the printed name and insurance producer license number of the bail bondsman providing the bail bondsman services;
D. Require the person signing the indemnity agreement to pay, and the bail bondsman to collect, the premium for the bail bond that is issued:
E. Contain the following statement on the first page in capital and bold letters of at least 12-point font: "THE PERSON SIGNING THIS INDEMNITY AGREEMENT IS ENTITLED TO A REFUND OF 100% OF THE PREMIUM PAID IF THIS BAIL BOND IS NOT POSTED."