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 premium for the bail bond that is issued:
- (1) At the time the indemnity agreement for the bail bond is executed by the bail bondsman and the person signing the indemnity agreement; or
- (2) Through installment payments pursuant to a written installment agreement that complies with the requirements set forth in Regulation .09 of this chapter; and
- E. Contain the following statement on the first page in capital and bold letters of at least 12-point font: “THE PERSON SIGNING THIS INDEMNITY AGREEMENT IS ENTITLED TO A REFUND OF 100% OF THE PREMIUM PAID IF THIS BAIL BOND IS NOT POSTED.”
Authority: Insurance Article, §§2-108, 2-109(a)(1), 10-126, and 10-309, and Title 10, Subtitle 3, Annotated Code of Maryland
Effective date: January 2, 1993 (19:26 Md. R. 2287)
Chapter recodified from COMAR 09.30.94 to COMAR 31.03.05 effective September 7, 1998 (25:18 Md. R. 1439)
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)