Maryland Surplus Lines Broker Bond
Overview
Get bonded as a Maryland surplus lines broker and demonstrate to the Maryland Insurance Administration that you meet the financial responsibility requirements for placing non-admitted insurance coverage. This bond protects Maryland policyholders and the state from losses caused by a surplus lines broker's failure to comply with applicable laws, regulations, and fiduciary obligations. Holding this bond is a condition of your surplus lines broker license — without it, you cannot legally place coverage with non-admitted insurers in Maryland.
Who Needs This Bond?
Surplus lines brokers operating in Maryland are the applicants for this bond. If you place insurance with non-admitted carriers on behalf of Maryland insureds — either as an individual licensee or through a business entity — the Maryland Insurance Administration requires this bond before issuing or renewing your surplus lines broker license. This applies whether you are a Maryland resident licensee or a non-resident broker placing Maryland risks.
What is this Bond For?
This bond guarantees that a licensed Maryland surplus lines broker will handle premiums, taxes, and fees honestly and in full compliance with Maryland surplus lines law. If a broker misappropriates premium funds, fails to remit surplus lines taxes to the state, or otherwise causes financial harm through non-compliance, an injured party or the Maryland Insurance Administration can make a claim against the bond. It is a financial backstop — not insurance on the policies you place, but accountability for how you conduct your brokerage business.
When is it Required?
Applying for your Maryland surplus lines broker license is the moment this bond becomes mandatory. The Maryland Insurance Administration will not approve a new surplus lines broker license application or process a license renewal without evidence that this bond is in force. If your bond lapses or is cancelled during a license term, your authority to place surplus lines business in Maryland is jeopardized immediately.
Where Does it Apply?
This bond is a statewide Maryland requirement governed by the Maryland Insurance Administration. It covers your surplus lines brokerage activity on any Maryland risk, regardless of which county or city the insured is located in. There is no local or county-level counterpart — one bond covers your entire Maryland surplus lines operation.
How to Buy Online
Click 'Buy This Bond Online' on this page to open the secure surety portal in a new tab. Enter your information, complete the application, and receive your bond documents digitally — no phone calls or office visits required. Once issued, you can submit proof of your bond directly to the Maryland Insurance Administration as part of your license application or renewal.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and built for professionals who need a bond now — not after waiting on an agent callback. Our nationwide catalog includes this Maryland surplus lines broker bond alongside hundreds of other insurance and license bonds, so you can get bonded from any device at any time. Fast, paperless, and straightforward — that is how Bond Titan works.