- 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 the jurisdiction for which the bond is being written;
- (3) An itemized statement of the premium charged;
- (4) The amount collected by the surety insurance producer;
- (5) The unpaid balance, if any;
- (6) The amount, value, and description of any collateral received;
- (7) The following statement, in capital and bold letters of at least 12-point font, at the bottom of the receipt: THE PERSON PAYING THE PREMIUM MUST RECEIVE A COPY OF THIS RECEIPT AT THE TIME OF MAKING A PAYMENT; and
- (8) The insurance producer license number and the printed and signed name of the bail bondsman collecting the premium.
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)