Section 5-705 - Deficiency of deposit. - Maryland Statutes

§ 5-705. Deficiency of deposit.
 

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. 
 

[An. Code 1957, art. 48A, § 115; 1995, ch. 36.]