(a) In this section, "individual surety" means a person that: (1) issues surety bonds or contracts of surety insurance; and (2) does not have a certificate of authority issued by the Commissioner. (b) It is a fraudulent insurance act for an individual surety to solicit or issue a surety bond or contract of surety insurance except as provided in: (1) §§ 13-207 and 17-104 of the State Finance and Procurement Article; and (2) for an uncompensated person, §§ 5-203 and 5-204 of the Criminal Procedure Article.
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