Maryland auto fund producer bonds.
$100 flat.
To place business with Maryland Auto Insurance — the state insurer of last resort, formerly the MAIF — a producer must file a $10,000 bond. Ours is $100 flat, issued instantly, and these license-style bonds are issued on the spot.
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How much does a Maryland auto fund producer bond cost?
$100 at the $10,000 amount, the same for every applicant.
Three steps. One sitting.
Producer bonds are the simplest thing in surety. Here's the entire process:
Apply online
Business and producer details and an effective date. That is the application. No credit check.
Pay & e-sign
License-style bonds like this are among the thousands of bond types that issue right after purchase.
File with Maryland Auto Insurance
Your executed bond and power of attorney arrive by email, ready to file with your MAIF producer authorization. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Maryland Auto Insurance — long known as the Maryland Automobile Insurance Fund (MAIF) — provides auto liability coverage to drivers who cannot get it in the standard market. Producers who place business with the Fund must be authorized, and a $10,000 surety bond is part of that authorization.
The bond guarantees that the producer will account for and pay over the premiums and money that come into its hands as a MAIF producer. It is a three-party arrangement: you (the principal), the surety, and Maryland Auto Insurance as the obligee — with the Fund and its insureds protected.
If a producer misapplies premium or fails to account for funds, the harmed party can recover against the bond — and if the surety pays, the producer repays the surety. The bond must stay active for as long as you are authorized to write the Fund.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $10,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with Maryland Auto Insurance. Your executed bond and power of attorney arrive by email, ready to file with your MAIF producer authorization. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $10,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Maryland bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your MAIF authorization today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.