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Ch. 313
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1080
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LAWS OF MARYLAND
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Transportation
26-404.
(a) (1) In this section the following words have the
meanings indicated.
(2) "Guaranteed arrest bond certificate" means any
certificate that is issued under this section by an insurance
company or motor club to provide bail bond services to any of its
insureds or members.
(3) "Insurance company" means an insurance company
that is authorized to write automobile liability insurance in
this State.
(4) "Motor club" has the meaning stated in Article
48B, § 1 of the Code.
(5) "Surety company" means any company designated as
a surety company under Article 48A, Subtitle 29 of the Code.
(b) Within the limitations of this section, the following
persons may issue a guaranteed arrest bond certificate:
(1) Any insurance company that is also a surety
company; or
(2) If acting in conjunction with a surety company,
any other insurance company or any motor club.
(c) A guaranteed arrest bond certificate shall:
(1) Specify its expiration date; and
(2) Contain printed statements that:
(i) The issuer and surety company guarantee the
court appearance of the person to whom the certificate is issued;
and
(ii) If the person fails to appear in court at
the time of the trial, it will pay any fine or forfeiture that is
imposed on the person and does not exceed [$200] $500.
(d) Any surety company may become surety for persons
posting guaranteed arrest bond certificates, by filing an
undertaking to become surety with the State Insurance Division.
(e) (1) A guaranteed arrest bond certificate may not be
delivered or issued for delivery in this State unless the form
has been filed with and approved by the Insurance Commissioner.
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