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Maryland Lottery Bond

Maryland Lottery Bond

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Who Requires the Lottery Bond and Why Is It Needed?

The Maryland State Lottery Agency requires licensed Lottery Sales Agents to furnish a surety bond in order to legally operate in the state. The surety bond is required because the lottery agent receives funds, goods and other property of the Maryland State Lottery Agency in conjunction with the license and the lottery agent is obligated to remit these items by timely weekly settlements pursuant to State Government Article, § 9-101 et seq. If the agent fails to execute as described, the surety company must refund the Lottery Agency any and all financial losses incurred, including principal, interest and penalties pursuant to SG, § 9-119(e). This surety bond may be cancelled by the surety as to subsequent liability with sixty days notice of the cancellation in writing to the Maryland State Lottery.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Maryland Lottery Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

List of Maryland surety bonds.

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