Maryland structured settlement bonds.
$1,000 flat.
Maryland does not let a company buy structured settlement payment rights without first registering with the Attorney General, and registration comes with a filing: a $100,000 bond in favor of the State under Cts. & Jud. Proc. § 5-1109, or a matching letter of credit or cash deposit. The bond is $1,000 flat.
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How much does a Maryland structured settlement bond cost?
$1,000 at the $100,000 amount, the same for every applicant.
Three steps. One sitting.
The bond is the filing that turns an accepted registration into a working one, so most transferees do it the same day. Here is the entire process:
Apply online
Entity details, your contact person, an effective date, and a term. No financial statements are attached — the credit consent in the form authorizes a soft inquiry only.
Pay & e-sign
This bond is checkout-priced at $1,000 flat, so it issues the moment you pay. Your executed bond and power of attorney generate on the spot.
File with the Attorney General
Send the executed bond to the Office of the Attorney General with your registration or renewal application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A structured settlement transferee is the company that buys future settlement payments from an injured person at a discount. Maryland governs those transactions under the Structured Settlement Protection Act, Courts and Judicial Proceedings Article Title 5, Subtitle 11, and layers a registration regime on top of the court approval each individual transfer already needs: under § 5-1107, a person may not file a petition to transfer structured settlement payment rights unless registered with the Attorney General as a transferee, or holding a pending application.
Section 5-1109 is the financial-responsibility half of that registration. On accepting registration the transferee files a bond executed by an authorized surety insurer in the penal sum of $100,000, in favor of the State — or, if it prefers to tie up capital, an irrevocable $100,000 letter of credit or a $100,000 cash deposit with the Office of the Attorney General.
The bond stays in force until the surety is released by the Attorney General or cancels on at least 30 days’ written notice, and a transferee that does not promptly replace a cancelled bond can have its registration denied, suspended, or revoked. It is not insurance for the transferee — if the surety pays, the transferee repays the surety. Registration is renewed with the Office of the Attorney General on the cycle it sets, with a renewal application and fee; we track the term and send renewal notices 60 and 30 days out.
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 $100,000 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 the Attorney General. Send the executed bond to the Office of the Attorney General with your registration or renewal application. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $1,000 at the $100,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — entity details, your contact person, an effective date, and a term. The credit consent in the form authorizes a soft inquiry only.
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 .
Keep your registration in good standing.
$1,000 flat, issued the moment you pay, soft pull only. Free until issued.