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Maryland
Structured Settlement Transferee Bond

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Coverage Amount: $100,000
Term Length: 1 year
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Maryland Structured Settlement Transferee Bond Guide

If you’re applying for a structured settlement transferee license in Maryland, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To ensure transferees follow all laws and regulations
  • Who Needs It: Structured settlement transferees in Maryland
  • Regulating Body: The Maryland Attorney General
  • Required Coverage: $100,000
  • Premium Rate: Typically $1,000–$10,000, credit based

Learn all about the bond requirements and process in this guide.

What Is a Maryland Structured Settlement Transferee Bond?

A Maryland structured settlement transferee bond protects clients from financial damages if a transferee engages in unfair or deceptive trade practices.

How Much Do Structured Settlement Transferee Bonds Cost in Maryland?

Maryland structured settlement transferee bonds cost a small percentage of the bond amount, typically $1,000–$10,000. 

Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$100,000Structured Settlement Transferee Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.

Who Needs a Structured Settlement Transferee Bond?

The Maryland Attorney General requires this bond as part of the licensing process for structured settlement transferees in the state.


Instead of a surety bond you can submit a letter of credit. However, a surety bond is often the most affordable option, requiring only an upfront premium and no collateral.

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Maryland structured settlement transferee bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file the bond with the Attorney General as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.

How Does a Maryland Structured Settlement Transferee Bond Work?

As with all surety bonds, a structured settlement transferee bond creates a legal contract between three parties: 

  1. Principal: You, the structured settlement transferee filing the bond
  2. Obligee: The Maryland Attorney General requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of MD Courts and Judicial Proceedings Code §5-1110. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.

How Do I Renew My Bond?

These bonds expire annually. To renew your structured settlement transferee bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date.

More Resources

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