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Platinum Bonds Insurance Agency

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Security for the Tobacco Tax

Cigarette manufacturers, wholesalers, subwholesalers, vending machine operators, and other tobacco products (OTP) wholesalers. Required when: Filing an application for a license to engage in the business of selling cigarettes or other tobacco products in Maryland. Exemptions: The Comptroller may exempt a person from t…

Bond amount"The bond amount is determined based on the license type and tax liability: (1)…
State or jurisdictionMaryland
ObligeeComptroller of Maryland, Revenue Administration Division

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.

Amounts can vary

Selected requirement: "The bond amount is determined based on the license type and tax liability: (1)…. Other available requirements: "The bond amount is determined based on the license type and tax liability: (1) For a cigarette manufacturer or wholesaler: $10,000, plus the amount by which the tobacco tax due for any 1 month exceeds $10,000. (2) For an other tobacco pro…. Exact options still depend on the obligee, state, and underwriting.

Google icon5.0 ★★★★★Google review profileBBB iconBBB A+ AccreditedView the agency profile
2323 yearsHelping clients and agents
Overview

What it is.

Cigarette manufacturers, wholesalers, subwholesalers, vending machine operators, and other tobacco products (OTP) wholesalers. Required when: Filing an application for a license to engage in the business of selling cigarettes or other tobacco products in Maryland. Exemptions: The Comptroller may exempt a person from t…

Who usually needs it

Cigarette manufacturers, wholesalers, subwholesalers, vending machine operators, and other tobacco products (OTP) wholesalers.

Pricing & timing

What to expect.

Generic pricing

Tax bonds guarantee payment of taxes or compliance with tax regulations. Typical Pricing:. • Standard tax 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. • Credit check: Required for most tax bonds. Common types include sales tax bonds, fuel tax bonds, and cigarette/tobacco tax bonds. Quick approval is typical for applicants with good credit. Some tax bonds may price higher depending on the bond type and jurisdiction.

Your quote determines the actual premium.

Typical timeframe

Credit-based approval — typically 1–2 business days

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.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

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“Finally a company that understands what customer service is supposed to be.”

★★★★★

“My bond application was processed and received very quickly.”

★★★★★

“I highly recommend you do business with these folks.”

★★★★★
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23 years

Offering service to clients and agents alike.

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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