Volume 793, Page 979 View pdf image |
PARRIS N. GLENDENING, Governor Ch. 36 In item (5) of this section, the reference to a "notice" of the Commissioner Defined terms: "Certificate of authority" § 1-101 5-704. EXCESS DEPOSITS. (A) IN GENERAL. AN INSURER MAY DEPOSIT CASH OR GOVERNMENT SECURITIES ELIGIBLE FOR (B) RELEASE. (1) ALL OR PART OF AN EXCESS DEPOSIT MAY BE RELEASED TO A (2) AN EXCESS DEPOSIT MAY BE RELEASED TO AN INSOLVENT INSURER REVISOR'S NOTE: This section is new language derived without substantive In subsection (a) of this section, the reference to "government securities In subsection (b)(1) of this section, the phrase "as provided in § 5-708(a)(2) of Defined term: "Insurer" § 1-101 5-705. DEFICIENCY OF DEPOSIT. AN INSURER SHALL DEPOSIT PROMPTLY ADDITIONAL CASH OR OTHER OR - 979 -
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Volume 793, Page 979 View pdf image |
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