MD auto fund producer bonds.
$300. Five minutes.
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 $300 flat, which is 3% of the bond amount, and these license-style bonds are among the fastest things we issue.
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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 financials, no credit check section.
Pay & e-sign
License-style bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
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.
The whole pricing page.
$10,000 bond × 3% = $300, one-time per term. Fixed amount, fixed price, multi-year if you want it.
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
Five minutes. The whole thing.
These are the actual issuing fields — no credit check section, because this bond doesn't have one.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Maryland Auto Insurance Fund producer bond? +
Do I pay the $10,000? +
How fast will I have the bond? +
Is there a credit check? +
When does it renew? +
Other New York bonds.
Finish your MAIF authorization today.
$300 flat, five-minute application, bond often issued in the same sitting. Free until issued.