Maryland Code, INSURANCE 10-309
Terms Used In Maryland Code, INSURANCE 10-309
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- including: means includes or including by way of illustration and not by way of limitation. See
(b) A bail bondsman may arrange to accept payment for the premium charged for a bail bond in installments.
(c) If a bail bondsman arranges to accept payment for the premium charged for a bail bond in installments, the installment agreement:
(1) shall be in a form adopted by the Commissioner;
(2) shall include:
(i) the total amount of the premium owed;
(ii) the amount of any down payment made;
(iii) the balance amount owed to the bail bondsman or the bail bondsman’s insurer;
(iv) the amount and due date of each installment payment; and
(v) the total number of installment payments required to pay the amount due; and
(3) may not include a confessed judgment clause that waives a consumer’s right to assert a legal defense to an action.
(d) If a bail bondsman arranges to accept payment of the premium charged for a bail bond in installments, the bail bondsman shall:
(1) secure a signed affidavit of surety by the defendant or the insurer containing the information required under subsection (c) of this section and provide the affidavit of surety to the court;
(2) take all necessary steps to collect the total amount owed by the insured, including seeking remedies provided by law for the collection of debts; and
(3) keep and maintain records of all collection attempts, installment agreements, and affidavits of surety.
(e) (1) The bail bondsman shall keep and maintain the records required under this section in an office that is generally accessible to the public during normal business hours.
(2) The bail bondsman shall make the records required under this section available to the Commissioner for inspection.
(3) Each year, each bail bondsman shall certify to the Commissioner that the records required to be kept and maintained under this section are accurate and true.
(f) If a bail bondsman violates any provision of this section, the Commissioner may take any actions authorized under § 10-126 of this title.