MD health club bonds.
From $100. Enter your amount.
The security Maryland requires under Commercial Law § 14-12B-02 to protect health club members’ prepaid dues if a club closes. New registrants post at least $50,000; the amount then scales with what members have prepaid. Premium is 1% of the bond amount, $100 minimum — the exact price is set by your bond amount in the on-page calculator.
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Apply to filed in one sitting.
A fast application for the standard health club bond — enter your amount, apply, and file. Here is the whole thing:
Apply online
Your business details, the bond amount your liabilities require, and the effective date — that is the entire application.
Priced and issued
The application collects no credit information — your exact premium is set by bond amount. Most applications approve instantly and issue on the spot; larger amounts may get a quick review.
File and keep selling memberships
Register the executed bond as § 14-12B requires before and while you sign membership agreements. Wet-ink originals mailed whenever you need them.
What it is and who needs it.
What the health club bond actually covers
Maryland’s Health Club Services law (Commercial Law § 14-12B) requires a seller of health club services agreements to register and maintain a surety bond. The bond protects members’ prepaid fees, dues, deposits, and initiation fees if the club goes out of business before their contracts end.
A new registrant must keep a bond of at least $50,000 until its outstanding obligations to consumers exceed that figure. After that, the bond is set to the aggregate value of outstanding member liabilities — moneys received in advance, less the prorated value of services already delivered — based on a report from an independent CPA.
For lifetime contracts, liabilities are prorated over no more than 36 months, and the bond is commonly capped around $200,000 per location. Enter the figure your situation requires — premiums start at $100, and the application collects no credit information.
You need this bond if you are
Priced at the application.
Submit the application with your required bond amount — your exact premium (from $100) is set and the executed health club bond is generated, ready to register.
Start the application →Common questions.
Other Maryland bonds.
Health club bond, issued today.
Premium from $100. Enter your required amount and register it the same day.