Section 5-704 - Excess deposits.
§ 5-704. Excess deposits.
(a) In general.- An insurer may deposit cash or government securities eligible for deposit under § 5-701(b) of this subtitle in an amount greater than any deposit required or allowed under this article.
(b) Release.-
(1) All or part of an excess deposit may be released to a solvent insurer on its request as provided in § 5-708(a)(2) of this subtitle.
(2) An excess deposit may be released to an insolvent insurer only as provided in § 5-708(a)(3) of this subtitle.
[An. Code 1957, art. 48A, § 113; 1995, ch. 36.]