Posted by Art_MD on 4/9/08 7:14am
Msg #242766

MD fidelity bond - need update

Just got surety bond renewal info.
Hartford is the one whom I use.
Seem the fidelity bond issue isn't dead.
I quote fromm the cover letter from my agent "the Hartford now requires title agents to carry fidelity coverage equal to the amount of the bond, in this case $100,000"yone

Can anyone direct me to something official that says ICs don't need this bond.

Thanks,

Art

Reply by Nick/MD on 4/9/08 7:31am
Msg #242768

Art, call my insurance guy, Brad Swanson, he will set it clear for you ... his # is 410-841-5320.. by the way, what part of MD. to work and live in?

Reply by Nick/MD on 4/9/08 7:32am
Msg #242769

Art, send your reply in a PM response. I meant to send this to you as a pm.

Reply by WDMD on 4/9/08 8:25am
Msg #242776

MIA website, home page, 8th item, has a link concerning fidelity bonds. It states that the independent title producer who has no employees is not required to have a fidelity bond. Title companies who hire independent contractor title producers are supposed to have a fidelity bond covering the sub contractor.

Reply by Art_MD on 4/9/08 8:36am
Msg #242777

Thanks - thats the ans I needed. n/m