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Maryland Auto Insurance Fund Producer (MAIF) Bond

This bond is required for insurance agents and brokers who want to sell auto insurance policies through the Maryland Auto Insurance Fund (MAIF). MAIF provides car insurance to drivers who can't get coverage elsewhere. The $10,000 bond protects MAIF and customers by guaranteeing that agents follow all rules and handle …

Bond amount$10,000
State or jurisdictionMaryland
ObligeeMaryland Auto Insurance Fund

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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2323 yearsHelping clients and agents
Overview

What it is.

This bond is required for insurance agents and brokers who want to sell auto insurance policies through the Maryland Auto Insurance Fund (MAIF). MAIF provides car insurance to drivers who can't get coverage elsewhere. The $10,000 bond protects MAIF and customers by guaranteeing that agents follow all rules and handle …

Who usually needs it

Insurance agents, corporations, and individuals seeking authorization to become licensed producers for the Maryland Automobile Insurance Fund (MAIF) who will solicit, negotiate, or accept automobile insurance business from the public on behalf of the fund must obtain this $10,000 surety bond as required by Section 20-511 of the Insurance Article, Annotated …

Pricing & timing

What to expect.

Generic pricing

License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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