§ 27-406.1
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/md/insurance/27-406-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§27–406.1.
(a)In this section, “individual surety” means a person that:
(1)issues surety bonds or contracts of surety insurance; and
(2)does not have a certificate of authority issued by the Commissioner.
(b)It is a fraudulent insurance act for an individual surety to solicit or issue a surety bond or contract of surety insurance except as provided in:
(1)§§ 13–207 and 17–104 of the State Finance and Procurement Article; and
(2)for an uncompensated person, §§ 5–203 and 5–204 of the Criminal Procedure Article.