Md. Code, Insurance § 5-704
This is the official text of Md. Code, Insurance § 5-704, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§5–704.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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