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31.03.05.00.htm 31.03.05.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 03 INSURANCE PRODUCERS AND OTHER INSURANCE PROFESSIONALS Chapter 05 Bail Bonds Authority: Insurance Article, §2-108, 2-109(a)1) 10-126, and 10-309, and Title 10, Subtitle 3, Annotated Code of Maryland
31.03.05.01.htm 31.03.05.01. 01 Scope.. A. This chapter does not apply to property bail bondsmen.. B. Except as provided in Insurance Article, §10-309, Annotated Code of Maryland, this chapter does not apply to a bail bondsman who provides bail bondsman services under Criminal Procedure Article, §5-203, Annotated Code of Maryland.
31.03.05.02.htm 31.03.05.02. 02 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) “Affidavit” means a dated written or printed statement of facts, made voluntarily, and confirmed by oath or affirmation of the person making it, taken before an individual having authority to administer such oath or affirmation in connection with posting a bail bond pursuant to Maryland Rule 4-217.
31.03.05.03.htm 31.03.05.03. 03 Prohibited Actions.. A. An insurer may not:. 1) Directly or indirectly pay any commission, fee, reward, or other consideration for the sale, solicitation, negotiation, or procurement, or for influencing the sale, solicitation, negotiation, or procurement of, a bail bond to any person unless that person is a bail bondsman, and is appointed by the surety insurer; or2) Delegate its authority to appoint a bail bondsman.. B. A person acting as a bail bondsman or a person
31.03.05.04.htm 31.03.05.04. 04 Conduct of Business by a Bail Bondsman.. The business of a bail bondsman may be conducted by an individual, partnership, or corporation, provided that an individual who sells, solicits, negotiates, or procures bail bonds shall be a bail bondsman.
31.03.05.05.htm 31.03.05.05. 05 Appointments.. A. A bail bondsman shall:. 1) Before conducting business as a bail bondsman, be appointed by a surety insurer to provide bail bondsman services; and2) Comply with the requirements of Maryland Rule 4-217.. B. A surety insurer that terminates the appointment of a bail bondsman shall immediately file a written notice of the termination with the Commissioner and with the Chief Clerk of the District Court of Maryland.
31.03.05.06.htm 31.03.05.06. 06 Suspension or Revocation.. A bail bondsman who makes a misleading or false representation to a court or to a public official for the purpose of avoiding a forfeiture of bail, having a forfeiture set aside, or obtaining the release of a defendant on the defendant’s own recognizance, shall be in violation of Insurance Article, §10-126(a)6) (13) and (14) Annotated Code of Maryland.
31.03.05.07.htm 31.03.05.07. 07 Rates.. A. A bail bondsman shall issue a bail bond that complies with Insurance Article, §27-216, Annotated Code of Maryland.B. Except as provided in §C of this regulation, it shall be an unfair trade practice and a violation of the Insurance Article, §27-216, Annotated Code of Maryland, for a bail bondsman to sell, solicit, procure, or negotiate a bail bond if:1) A surety insurer has an approved premium rate for both cash bail bonds and corporate surety bail bonds;
31.03.05.08.htm 31.03.05.08. 08 Indemnity Agreement.. An indemnity agreement shall:. A. Contain the signatures of the bail bondsman providing the bail bondsman services and the person signing the indemnity agreement;B. Be executed prior to the issuance of a bail bond;. C. Contain the printed name and insurance producer license number of the bail bondsman providing the bail bondsman services;D. Require the person signing the indemnity agreement to pay, and the bail bondsman to collect, the
31.03.05.09.htm 31.03.05.09. 09 Installment Agreement.. A. An installment agreement shall be signed by a bail bondsman and the person who has agreed to pay the additional premium in installments.B. The installment agreement shall be written in the form adopted under Regulation .15 of this chapter and shall contain the following information:1) The amount of the bail bond;. 2) The amount of the premium;. 3) The amount of the down payment;. 4) The amount of the balance owed;.
31.03.05.10.htm 31.03.05.10. 10 Records.. A. A bail bondsman shall maintain for a period of 5 years after termination of the surety liability all documentation collected, prepared, and produced by the bail bondsman in the course of providing bail bondsman services, which shall include, but is not limited to, the following:1) Evidence of the return of any security or collateral, including a receipt evidencing the return or repayment of the security or collateral;2) Copies of the affidavit made in connection with
31.03.05.11.htm 31.03.05.11. 11 Premium Receipts.. A. A bail bondsman who collects a premium shall provide a numbered receipt to the person paying the premium. A copy of the receipt shall be retained by the bail bondsman and maintained in accordance with Regulation .10 of this chapter.B. A receipt shall contain the following information:. 1) The name, place of business, address, and telephone number of the bail bondsman who collected the premium;2) An itemized statement of the amount of bail and
31.03.05.12.htm 31.03.05.12. 12 Forms.. A bail bondsman shall:. A. Ensure that each document provided to, or executed by, the person signing the indemnity agreement contains the name and insurance producer license number of the bail bondsman providing the bail bondsman services and the bail bond insurance producer firm, if any; andB. Provide the person to whom the bail bondsman services are provided with a copy of:. 1) A premium receipt at the time the premium is paid;.
31.03.05.13.htm 31.03.05.13. 13 Collateral.. A. A bail bondsman shall, in an affidavit, describe in detail any collateral received in connection with the sale of a bail bond and the terms of an indemnity or collateral agreement; andB. A bail bondsman shall provide a copy of the affidavit to the person signing the indemnity agreement or the person signing the collateral agreement.
31.03.05.14.htm 31.03.05.14. 14 Return of Collateral.. A. Immediately upon the discharge of a bail bond, the bail bondsman shall return any collateral held by the bail bondsman. Upon receiving a request for return of collateral, the bail bondsman shall promptly determine whether the bail bond has been discharged.B. The bail bondsman may deduct any unpaid premiums due on the bail bond from any collateral being returned.
31.03.05.15.htm 31.03.05.15. 15 Installment Agreement Form.. Click here to view pdf form.
31.03.05.9999.htm 31.03.05.9999. Administrative History Effective date: January 2, 1993 (19:26 Md. R. 2287) ―. Chapter recodified from COMAR 09.30.94 to COMAR 31.03.05, July 1998. Chapter revised effective April 10, 2006 (33:7 Md. R. 675) ―. Chapter revised effective March 22, 2016 (43:2 Md. R. 128). Regulation .09B amended February 12, 2018 (45:3 Md. R. 158). Regulation .15 adopted February 12, 2018 (45:3 Md. R. 158).
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