Home Table of Contents

§ 5-707. Rights of insurer during solvency

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 5. Assets, Liabilities, Reserves, and Investments of Insurers
Subtitle 7. Administration of Deposits (Refs & Annos)
MD Code, Insurance, § 5-707
§ 5-707. Rights of insurer during solvency
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.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 112.
MD Code, Insurance, § 5-707, MD INSURANCE § 5-707
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document