Maryland Lottery | $10,000 Lottery Surety Bond
Also known as: lottery bond
Type of Bond
A Maryland lottery bond is a type of surety bond that may be required for individuals or businesses involved in the operation or management of a lottery in the state of Maryland. It serves as a financial guarantee that the bonded party will comply with the laws, regulations, and licensing requirements governing lottery activities. The purpose of the bond is to protect the interests of the state and lottery participants by ensuring that the bonded party operates the lottery with integrity, honesty, and in compliance with established guidelines. It provides assurance that the bonded party will fulfill their obligations, follow proper lottery procedures, and handle funds and prizes appropriately. By obtaining the bond, the party involved in the lottery agrees to abide by the requirements set forth by the Maryland State Lottery and Gaming Control Agency or other relevant authorities. This may include obtaining the necessary licenses, conducting lottery drawings or games according to specified rules, maintaining accurate records, and remitting funds to the appropriate entities. If the bonded party fails to meet their obligations or violates the terms of the bond agreement, a claim can be filed against the bond. This allows the state or affected parties to seek financial compensation for any damages, losses, or non-compliance issues resulting from the party's actions. The bond amount for a Maryland lottery bond is typically determined based on the state's requirements and may vary depending on factors such as the anticipated lottery revenue or the value of prizes offered. Those involved in the lottery should consult with the Maryland State Lottery and Gaming Control Agency 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 Lottery 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 Lottery 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 Lottery 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 Lottery Bond Application process.
The Maryland Lottery Bond amount is currently set at $10,000.
Obligee Information
An obligee is the entity that is requiring you to have the Lottery bond.
For your convenience you can view a sample copy of the Maryland Lottery Bond Form.
Obligee: The Maryland State Lottery Agency
Street: 1800 Washington Blvd #330
State: Maryland
Zip: 21230
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!