INSURANCE. 1805

securities of the same kind and in the same amount as required by sections
19 and 20 of domestic companies doing the same class of business, unless
said companies shall have deposited with some proper official of the state
where incorporated or organized, or in some other state of the United
States, in trust as security for all the holders of policies or other obligations
of said company in the United States of America, coin, notes or securities
authorized by the insurance Laws of the state where incorporated or
organized, and approved by the proper official thereof and having authority
therefor, to an amount not less than that required of companies doing the
same class of business by the laws of this state to be deposited with the
treasurer of this state.

1922, ch. 492, sec. 23.

22. Additional Deposits. Whenever any of the securities required to
be deposited as provided by sections 19, 20 and 21 shall depreciate in value
so that the market value of the deposit shall be less than that required by
said sections, additional securities shall be deposited in order that the
deposit shall at all times be maintained in the amount of not less than that
required by said sections.

1922, ch. 492, sec. 24.

23. Exchange and Surrender of Deposits. Any deposit of coin, treasury
notes or securities as aforesaid made, may at any time be withdrawn by
the company making the same, under such rules and regulations as the
treasurer of Maryland or the insurance commissioner, respectively, with
whom made, may reasonably make, upon the joint written request of the
company having made said deposit and the insurance commissioner, pro-
vided other securities authorized by law and of at least equal value shall be
substituted therefor. Whenever it shall appear to the satisfaction of the
said treasurer or the insurance commissioner, respectively, with whom any
deposit shall have been made as aforesaid, that the company having made
such deposit has surrendered its charter or ceased to do business in this
state, and, if a domestic company, has discharged all of its obligations, or
if a foreign company, has discharged all of its obligations in this state, he
shall, upon the joint written request of the said company and the insurance
commissioner, surrender to said company any deposit so held. All sur-
renders shall be countersigned by the insurance commissioner.

1922, ch. 492, sec. 25.

24. Sale of and Income from Deposits. All deposits made under the
provisions of any of the preceding sections shall be held by said treasurer
or commissioner, subject to sale and transfer and to the application of the
proceeds of any such sale only on the order of a court of competent juris-
diction. So long as a company shall be solvent and not in default under
any section of this article, it shall be entitled to receive the income from
any deposit made under any of the preceding sections.