Maryland surplus lines broker bonds.
$100 flat.
Before the Maryland Insurance Administration issues a surplus lines broker certificate of qualification, Insurance Article § 3-313 requires the applicant to file a $10,000 bond running to the State, approved by the Commissioner. Ours is $100 flat — the price you see is the checkout price. No credit check.
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How much does a Maryland surplus lines broker bond cost?
$100 at the $10,000 amount, the same for every applicant.
Three steps. One sitting.
The bond is the one item on the surplus lines application that does not come out of your existing producer file. Here is the entire process:
Apply online
Your details as the applicant, an effective date, and a term. No credit check.
Pay & e-sign
This bond is checkout-priced at $100 flat, so it issues the moment you pay. Your executed bond and power of attorney generate on the spot.
File with the MIA
Send the executed bond to Producer Licensing at the Maryland Insurance Administration on the bond form the MIA supplies, with your NAIC uniform application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A surplus lines broker is the licensee Maryland lets place coverage with non-admitted insurers when the admitted market will not write the risk. The certificate of qualification sits on top of an active producer license with property and casualty authority, and it comes with two obligations the ordinary producer license does not carry: the surplus lines premium tax, and a bond.
Under Insurance Article § 3-313 the applicant files, before the certificate issues, a bond subject to the Commissioner’s approval, executed by the applicant and a corporate surety insurer authorized in Maryland, running to the State in the penal sum of $10,000. It is conditioned on the broker conducting business in accordance with the surplus lines provisions and remitting the taxes those provisions require under § 3-324 — which is why the bond exists at all: the broker collects tax money that belongs to the State.
Total liability of the surety may not exceed the penal sum, and the surety must give at least 30 days’ written notice before cancelling. The certificate of qualification runs on a biennial term, expiring on the date stated on the certificate and renewable every other year, so the bond has to be current at each renewal. Nonresident surplus lines brokers are not asked for the bond — this filing is a resident requirement.
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 the MIA. Send the executed bond to Producer Licensing at the Maryland Insurance Administration on the bond form the MIA supplies, with your NAIC uniform application. 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 — applicant details, an effective date, and a term. No credit check.
Start the application →Common questions.
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Price and requirements checked on the carrier’s application, . Page updated .
Finish your surplus lines certificate today.
$100 flat, issued the moment you pay, no credit check. Free until issued.