Maryland Statutes
Subtitle 4 - Fraudulent Insurance Acts
Section 27-406.1 - Fraudulent Insurance Acts of Individual Sureties

(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.

Structure Maryland Statutes