Maryland health club bonds.
From $500.
The security Maryland requires under Commercial Law § 14-12B-02 to protect health club members’ prepaid dues if a club closes. New registrants post at least $50,000; the amount then scales with what members have prepaid. Premium is 1% of the bond amount — the exact price is set by your bond amount in the on-page calculator.
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How much does a Maryland health club bond cost?
1% of the bond amount, from $500 at the $50,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
A fast application for the standard health club bond — enter your amount, apply, and file. Here is the whole thing:
Apply online
Your business details, the bond amount your liabilities require, and the effective date — that is the application.
Priced and issued
No credit check up to $50,000 — your exact premium is set by bond amount. Most applications approve instantly and issue on the spot; larger amounts may get a quick review.
File and keep selling memberships
Register the executed bond as § 14-12B requires before and while you sign membership agreements. Wet-ink originals mailed whenever you need them.
What it is and who needs it.
What the health club bond actually covers
Maryland’s Health Club Services law (Commercial Law § 14-12B) requires a seller of health club services agreements to register and maintain a surety bond. The bond protects members’ prepaid fees, dues, deposits, and initiation fees if the club goes out of business before their contracts end.
A new registrant must keep a bond of at least $50,000 until its outstanding obligations to consumers exceed that figure. After that, the bond is set to the aggregate value of outstanding member liabilities — moneys received in advance, less the prorated value of services already delivered — based on a report from an independent CPA.
For lifetime contracts, liabilities are prorated over no more than 36 months, and the bond is commonly capped around $200,000 per location. Enter the figure your situation requires — premiums start at $500, and no credit check up to $50,000.
You need this bond if you are
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 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.
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 and keep selling memberships. Register the executed bond as § 14-12B requires before and while you sign membership agreements. Wet-ink originals mailed whenever you need them.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $50,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
Priced at the application.
Submit the application with your required bond amount — your exact premium (from $500) is set and the executed health club bond is generated, ready to register.
Start the application →Common questions.
Other Maryland bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Health club bond, issued today.
Premium from $500. Enter your required amount and register it the same day.