Deficiency of deposit

Checkout our iOS App for a better way to browser and research.

    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.


Download our app to see the most-to-date content.