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Section 5-704 - Excess Deposits — Maryland Law | CourtGPT
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  5. Title 5 - Assets, Liabilities, Reserves, and Investments of Insurers/
  6. Subtitle 7 - Administration of Deposits/
  7. Section 5-704 - Excess Deposits
Maryland Legal Code

Section 5-704 - Excess Deposits

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(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.