Maryland Individual Surety Regulation Sunsets!!

The Maryland statute was allowed to expire, or “sunset” on September 30, 2014 after a bill to resuscitate the law was defeated. The NASBP (National Association of Surety Bond Producers) deserves great credit for its steadfast opposition to the Maryland law. The NASBP’s message was consistent:  Consumers are entitled to meaningful regulatory oversight.  No insurer should be exempt from having to obtain a certificate of authority as a prerequisite to conducting the business of suretyship in Maryland or any other state.

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