Md. Code, Insurance § 5-705
This is the official text of Md. Code, Insurance § 5-705, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§5–705.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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