Surety Insurers, Title Insurers and Title Insurance Producers

MARYLAND INSURANCE ADMINISTRATION TITLE SURETY BOND Bond Number __________________________________________ KNOW ALL MEN BY THESE PRESENT; THAT ______________________________________________________________________________________ of ___________________________________________________________________________________ State of _______________________________(hereafter called “Principal”), as Principal has applied to the Insurance Commissioner of the State of Maryland for a license as Title Producer, said license is required by the Insurance Laws of Maryland to give a bond in the penalty below and conditioned hereinafter set forth; and ______________________________________________________________________________________ with its principal office located at __________________________________________________________ a corporation authorized to do surety business in the state of Maryland (hereinafter called “Surety”) as Surety, ARE HELD AND FIRMLY BOUND unto the State of Maryland as Obligee, and any unknown third party, in full and just sum of $150,000 (ONE HUNDRED FIFTY THOUSAND DOLLARS) to the payment of which well and truly to be made the Principal and Surety hereby bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these present. Regardless of the number of years or license periods this bond remains in effect, the number of premiums paid or the number of claims made, the total aggregate liability of the surety shall not exceed the penal sum of the bond. PROVIDED, HOWEVER, THAT THE CONDITION OF THE ABOVE OBLIGATION IS SUCH, that if the above bounded Principal shall truly account for and pay over to the person or corporation entitled to receive the same, all money belonging to such person or corporation which may, during the term of said license, come into the hands of said Principal as such Title Insurance Producer or the employees or agents of Principal, including Title Insurance Producer Independent Contractors during the course of providing service for or on behalf of the Principal, or while providing any escrow, closing, or settlement service, then this obligation shall be void, otherwise of full force and effect; AND FURTHER PROVIDED, That the Surety may, without prejudice to any liability accrued, prior to such cancellation, cancel such bond upon thirty (30) days’ written notice filed with the Insurance Commissioner of the State of Maryland and a copy thereof mailed to the Principal. Signed, sealed and dated this __________________________day of _______________________, 20____. As Witness: By: _______________________________________ By: ______________________________ (L.S.) Witness Principal Test as to Surety and Its Corporate Seal By: _______________________________________ By: ____________________________________ Witness Attorney-in-Fact NOTICE TO SURETY COMPANIES AND PRINCIPAL: Be sure a concurrently dated Power of Attorney is attached to this bond, and all signatures are affixed.