{"data":{"id":"us-md/md.-code-insurance-21-101","jurisdiction":"us-md","citation":"Md. Code, Insurance § 21–101","heading":"","body":"(a) A surety insurer qualified to act as surety or guarantor under this article may execute:\n(1) a bond, undertaking, recognizance, or other obligation that is required or allowed to be made, given, tendered, or filed with a surety by law or in the charter, ordinances, rules, or regulations of a municipal corporation, board, body, organization, court, judge, or public officer; and\n(2) a guaranty of the performance of an act, duty, or obligation, or the refraining from an act, that is required or allowed to be guaranteed.\n(b) The execution by a qualified surety insurer of a bond, undertaking, recognizance, obligation, or guaranty is in full compliance with each requirement of each law, charter, ordinance, rule, or regulation that:\n(1) the bond, undertaking, recognizance, obligation, or guaranty shall be executed by a surety; or\n(2) the surety shall be a resident, householder, or freeholder, or either or both, or shall have any other qualifications.\n(c) Each court, judge, department head, board, body, municipal corporation, and public officer shall accept a bond, undertaking, recognizance, obligation, or guaranty executed by a qualified surety insurer and treat it as conforming to and fully complying with each requirement of each applicable law, charter, ordinance, rule, or regulation.\n(d) A surety insurer may be released from its liability on a bond, undertaking, recognizance, obligation, or guaranty executed under subsection (a) of this section on the same terms and conditions provided by law for the release of an individual surety.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=21-101","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"db084c8b5669f747319dc96f60351e0afb25cc63a647fffe3ce4bc2179f01057","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-20-701","next":"us-md/md.-code-insurance-21-102"},"notice":"GroundRules: Original legal text. Not legal advice."}