§ 5–704
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 5-704 (2026)
Title 5. Assets, Liabilities, Reserves, and Investments of Insurers
Subtitle 7. Administration of Deposits
§ 5–704LinkCopy Citation
(a)
An insurer may deposit cash or government securities eligible for deposit under § 5-701(b) of this subtitle in an amount greater than any deposit required or allowed under this article.
(b)
(1)
All or part of an excess deposit may be released to a solvent insurer on its request as provided in § 5-708(a)(2) of this subtitle.
(2)
An excess deposit may be released to an insolvent insurer only as provided in § 5-708(a)(3) of this subtitle.