# Insurance (GIN)

## Title 5. Assets, Liabilities, Reserves, and Investments of Insurers

### Subtitle 7. Administration of Deposits

#### Section 5-701

(a) When made through the Commissioner by insurers or health maintenance organizations, the Treasurer shall accept and hold in trust:

  (1) deposits required under this article for a certificate of authority to engage in the insurance business in the State;

  (2) deposits required under Sec. 19-710(d)(3) of   the Health - General Article for a certificate of authority to operate as a health maintenance organization;

  (3) deposits of domestic insurers, foreign insurers, or alien insurers required under the laws of another state, province, or country as a prerequisite for authority to engage in the insurance business in the other state, province, or country;

  (4) deposits allowed under Sec. 5-704 of this subtitle; and

  (5) deposits required under Title 6, Subtitle 3 of this article.

(b) Deposits made under subsection (a) of this section shall be in any combination of:

  (1) cash; or

  (2) the government securities described in Sec. 5-510(b) or Sec. 5-607(b)(1)(i), (ii), or (iii) of this title, as approved by the Treasurer.

(c) Deposits of government securities shall be registered, both as to principal and interest, in the name of the Treasurer as trustee.

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Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)