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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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INSURANCE |
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TITLE 10. REGULATION OF INSURANCE PROFESSIONS |
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SUBTITLE 3. BAIL BONDSMEN |
§ 10-301. Definitions
Latest version.
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(a) In general. -- In this subtitle the following words have the meanings indicated.
** REVISOR'S NOTE
This subsection formerly was Art. 48A, § 676(a).
** REVISOR'S NOTE
No changes are made.
(b) Bail bond. -- "Bail bond" means a written obligation of a defendant, with or without a surety or collateral security, that:
(1) is conditioned on the appearance of the defendant as required; and
(2) provides for the payment of a penal sum according to its terms.
** REVISOR'S NOTE
This subsection formerly was Art. 48A, § 676(b).
** REVISOR'S NOTE
The only changes are in style.
** DEFINED TERMS:
"Collateral security" § 10-301
** DEFINED TERMS:
"Surety" § 10-301
**
(c) Bail bondsman. -- "Bail bondsman" means an authorized insurance producer of a surety insurer.
REVISOR'S NOTE
This subsection formerly was Art. 48A, § 676(c).
REVISOR'S NOTE
No changes are made.
DEFINED TERM:
"Surety insurer" § 10-301
**
(d) Collateral security. -- "Collateral security" means any property deposited, pledged, or encumbered to secure the performance of a bail bond.
REVISOR'S NOTE
This subsection formerly was Art. 48A, § 676(d).
REVISOR'S NOTE
No changes are made.
"Bail bond" § 10-301
**
(e) License. -- "License" means a license issued by the Commissioner to provide bail bondsman services.
REVISOR'S NOTE
This subsection formerly was the first sentence of Art. 48A, § 676(e).
REVISOR'S NOTE
The former limitation "unless the context requires otherwise" is deleted as surplusage because it states a general rule of statutory construction.
REVISOR'S NOTE
The only other changes are in style.
DEFINED TERMS:
"Commissioner" § 1-101
DEFINED TERMS:
"Provide bail bondsman services" § 10-301
**
(f) Provide bail bondsman services. -- "Provide bail bondsman services" means to provide any service in the bail bondsman trade.
REVISOR'S NOTE
This subsection formerly was Art. 48A, § 676(f).
REVISOR'S NOTE
No changes are made.
DEFINED TERM:
"Bail bondsman" § 10-301
**
(g) Surety. -- **
(1) "Surety" means a person, other than the defendant, that guarantees the appearance of the defendant by executing a bail bond. **
(2) "Surety" includes an uncompensated or accommodation surety.
REVISOR'S NOTE
This subsection formerly was Art. 48A, § 676(g).
REVISOR'S NOTE
The only changes are in style.
DEFINED TERMS:
"Bail bond" § 10-301
DEFINED TERMS:
"Person" § 1-101
**
(h) Surety insurer. -- "Surety insurer" means a person that, for compensation, directly or through an authorized insurance producer, acts as a surety on a bail bond.
REVISOR'S NOTE
This subsection is new language derived without substantive change from former Art. 48A, § 676(h).
REVISOR'S NOTE
The phrase "acts as a surety" is substituted for the former phrase "becoming... a surety" for clarity.
REVISOR'S NOTE
The former reference to being "in the business" of a surety is deleted as included in the reference to acting as a surety "for compensation".
"Bail bond" § 10-301
"Person" § 1-101
"Surety" § 10-301