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Ch. 517
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2002 LAWS OF MARYLAND
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(9) violates any other provision of this title OR ANY REGULATION
ADOPTED BY THE SECRETARY UNDER THIS TITLE.
18-401.
(a) In order to obtain a license, an applicant shall:
(1) (i) execute a fidelity bond as provided in subsection (c) of this
section; or
(ii) maintain general liability insurance as provided in subsection
(d) of this section; and
(2) maintain in an office in the State, documents or other records that
are made in the State or relate to a service performed in the State AND MAKE THOSE
RECORDS AVAILABLE FOR INSPECTION BY THE SECRETARY FOR COMPLIANCE WITH
THIS TITLE.
(b) The Secretary may not issue or renew a license or registration unless the
applicant, licensee, or registrant submits proof of compliance with subsection (a) of
this section.
(c) (1) The fidelity bond required by subsection (a)(1) of this section shall
cover all individuals who:
(i) are licensed to provide security systems services, are registered
as security systems technicians, or have access to circumventional. information; or
(ii) are applicants for a license or registration.
(2) The fidelity bond shall be used for the benefit of any person injured
on the premises of a consumer of security systems services by any fraudulent or
dishonest act of a licensee, a security systems technician, or other individual who has
access to circumventional information that is willful or malicious.
(3) The applicant for a license or registration shall submit a copy of the
fidelity bond to the Secretary with the license or registration application.
(4) (i) The amount of the fidelity bond required under subsection (c)(1)
of this section shall be at least $50,000.
(ii) The total liability of the surety to all insured persons under the
fidelity bond may not exceed the sum of the fidelity bond.
(5) (i) If an employer's fidelity bond is canceled, forfeited, or
terminated by the surety, the surety shall immediately notify the Secretary.
(ii) If a surety fails to notify the Secretary as required by this
paragraph, the fidelity bond shall continue in effect until the notice is given to the
Secretary.
(d) (1) General liability insurance required by subsection (a)(1)(ii) of this
section shall be in the amount of at least $50,000.
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- 3956 -
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