§ 5–705
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 5-705 (2026)
Title 5. Assets, Liabilities, Reserves, and Investments of Insurers
Subtitle 7. Administration of Deposits
§ 5–705LinkCopy Citation
An insurer shall deposit promptly additional cash or other or additional government securities eligible for deposit under § 5-701(b) of this subtitle in an amount sufficient to cure any deficiency if:
(1)
the cash or government securities deposited by the insurer and held on deposit under this subtitle become ineligible for deposit under § 5-701(b) of this subtitle; or
(2)
the market value of the deposited cash and government securities falls below the amount required under this article.