§ 5-705
79 words·~1 min read·
/md/insurance/5-705A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–705.
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.