Section 5-706 - Levy on deposits by judgment creditors. - Maryland Statutes

§ 5-706. Levy on deposits by judgment creditors.
 

(a)  Prohibited.- A judgment creditor or other claimant of an insurer may not levy on any of the cash or government securities held on deposit under this subtitle for the protection of the insurer's policyholders and creditors. 

(b)  Allowed.- A judgment creditor or other claimant of an insurer may levy on a deposit required under Title 6, Subtitle 3 of this article if allowed by the notice of the Commissioner requiring the deposit to be made. 
 

[An. Code 1957, art. 48A, § 114; 1995, ch. 36; 1997, ch. 70, § 1.]