Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 31. Maryland Insurance Administration |
Subtitle 03. INSURANCE PRODUCERS AND OTHER INSURANCE PROFESSIONALS |
Chapter 31.03.05. Bail Bonds |
Sec. 31.03.05.13. Collateral
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A. A bail bondsman shall, in an affidavit, describe in detail any collateral received in connection with the sale of a bail bond and the terms of an indemnity or collateral agreement; and
B. A bail bondsman shall provide a copy of the affidavit to the person signing the indemnity agreement or the person signing the collateral agreement.