If you are engaged as a Motor Fuel Dealer, User or Seller operating in Maryland, you are required by the Maryland Department of State to file a Maryland Motor Fuel Dealer, User or Seller 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 Motor Fuel Dealer, User or Seller Bond holds you accountable for your business decisions.
By possessing a Maryland Motor Fuel Dealer, User or Seller Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.