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Code · Maryland · Insurance

§ 5-704

79 words·~1 min read·/md/insurance/5-704

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§5–704.
(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.
(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.
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