Maryland Fuel Dealer | $10,000 Fuel Dealer Surety Bond
Also known as: fuel dealer bond
Type of Bond
A Maryland fuel dealer bond is a type of surety bond that may be required for businesses engaged in the sale, distribution, or retail of fuels in the state of Maryland. It serves as a financial guarantee that the bonded fuel dealer will comply with the laws, regulations, and licensing requirements governing the fuel industry. The purpose of the bond is to protect consumers and ensure that fuel dealers operate with integrity, transparency, and in compliance with established guidelines. It provides assurance that the bonded dealer will fulfill their obligations, accurately measure and dispense fuels, handle tax payments appropriately, and comply with environmental and safety regulations. By obtaining the bond, the fuel dealer agrees to abide by the requirements set forth by the Maryland Comptroller of the Treasury or other relevant authorities. This may include obtaining the necessary licenses and permits, maintaining accurate records, collecting and remitting fuel taxes, and meeting fuel quality standards. If the fuel dealer fails to meet their obligations or violates the terms of the bond agreement, a claim can be filed against the bond. This allows consumers, the Comptroller's Office, or other affected parties to seek financial compensation for any damages, losses, or non-compliance issues resulting from the dealer's actions. The bond amount for a Maryland fuel dealer bond is typically determined based on the state's requirements and may vary depending on factors such as the dealer's fuel sales volume or the specific type of fuels being sold. Fuel dealers should consult with the Maryland Comptroller of the Treasury or a surety bond provider to understand the specific bond amount and requirements applicable to their licensing and regulatory obligations.
Program
The price you'll pay for your $10,000 Fuel Dealer Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $10,000 Fuel Dealer Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $10,000 Fuel Dealer Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Fuel Dealer Bond Application process.
The Maryland Fuel Dealer Bond amount is currently set at $10,000.
Obligee Information
An obligee is the entity that is requiring you to have the Fuel Dealer bond.
Obligee: State Of Maryland
Street: 500 N. Calvert St.
State: Maryland
Zip: 21202
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!