If you are engaged as an Online Distance Education Program provider operating in Maryland, you are required under the provisions of Title 11, Subtitle 2 of the Education Article of the Annotated Codes of Maryland to file a Maryland Online Distance Education Program Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Maryland Online Distance Education Program Bond holds you accountable for your business decisions.
By possessing a Maryland Online Distance Education Program Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.