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§ 19-504. Commercial general liability insurance requirements

West's Annotated Code of MarylandBusiness Occupations and Professions

West's Annotated Code of Maryland
Business Occupations and Professions
Title 19. Security Guard Agencies and Security Guard Certification (Refs & Annos)
Subtitle 5. Miscellaneous Provisions (Refs & Annos)
MD Code, Business Occupations & Professions, § 19-504
§ 19-504. Commercial general liability insurance requirements
Currentness
Agencies employing five or more individuals as guards
(a) A security guard agency that employs five or more individuals as security guards shall:
(1) maintain commercial general liability insurance, including errors and omissions and completed operations with a $1,000,000 total aggregate minimum; and
(2) submit proof of the required insurance to the Secretary.
Proof of insurance
(b)(1) If an applicant for a license intends to employ five or more individuals as security guards, the applicant shall submit proof of the liability insurance required under subsection (a) of this section to the Secretary with the license application.
(2) The Secretary may not issue a license to an applicant to whom the insurance requirements of this section would apply unless the applicant submits proof of the insurance.
Cancellation, forfeiture, or termination of insurance
(c) If the insurance required for a security guard agency under this section is canceled, forfeited, or otherwise terminated, both the security guard agency and the insurer shall notify the Secretary.
Failure to maintain insurance
(d) If a security guard agency fails to maintain the liability insurance required under this section, the license of the security guard agency:
(1) is suspended automatically;
(2) shall remain suspended until the agency complies with the requirements; and
(3) may not be reinstated until the agency submits proof of the required insurance to the Secretary.

Credits

Added by Acts 1996, c. 602, § 2, eff. Oct. 1, 1996. Amended by Acts 2002, c. 517, § 1, eff. Oct. 1, 2002.
MD Code, Business Occupations & Professions, § 19-504, MD BUS OCCUP & PROF § 19-504
Current through legislation effective through May 8, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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