Md. Code, IN§ 21-102

Current with changes from the 2024 Legislative Session
Section 21-102 - Evidence of qualification to be sole surety

A certificate of authority, or certified copy of a certificate of authority, issued by the Commissioner to a surety insurer shall be accepted as evidence of qualification to become sole surety on a bond, undertaking, recognizance, or other obligation required or allowed by law, or in the charter, ordinances, rules, or regulations of a municipal corporation, board, organization, court, judge, or public officer, without further proof or qualification regarding solvency, credit, or financial sufficiency to act as a surety.

Md. Code, IN§ 21-102