Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 15-103: (a) (1) Except as provided in paragraph (2) of this subsection, a surety bond required of a licensee under this title shall be for the benefit of the Administration and any other person who suffers any loss because of a violation by the licensee, his agents, or employees of those provisions of the M
What this law says, in plain English
Licensees must maintain surety bonds benefiting the Administration and persons harmed by violations. Bonds may be claimed directly by injured parties. License suspension occurs automatically if bond lapses without approved replacement.
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