Md. Code Regs. 31.03.05.03

Current through Register Vol. 51, No. 22, November 1, 2024

Section 31.03.05.03 - 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; or

(2) Delegate its authority to appoint a bail bondsman.

B. A person acting as a bail bondsman or a person acting on behalf of a bail bondsman may not in any manner sell, solicit, negotiate, or procure a bail bond for a surety insurer in this State unless that person is a bail bondsman and is appointed by the surety insurer.

C. A bail bondsman may not submit to any clerk, District Court commissioner, or other person authorized by law to take a bail bond, a document representing consent by any person unless the document has been fully executed.

Md. Code Regs. 31.03.05.03

Amended effective 43:2 Md. R. 128, eff.2/1/2016