Unannotated Code of Maryland (Last Updated: May 16, 2014) |
INSURANCE |
TITLE 5. ASSETS, LIABILITIES, RESERVES, AND INVESTMENTS OF INSURERS |
SUBTITLE 7. ADMINISTRATION OF DEPOSITS |
§ 5-707. Rights of insurer during solvency
Latest version.
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While an insurer is solvent and complies with this article, the insurer may:
(1) demand, receive, sue for, and recover the income from the cash and government securities deposited by the insurer under this subtitle;
(2) substitute for any of the deposited cash or government securities, cash or government securities eligible for deposit under § 5-701(b) of this subtitle of equivalent or greater value; and
(3) inspect, at reasonable times, any deposit made by the insurer under this subtitle.