Maryland Insurance Section 5-701
§ 5-701.
  (a)   When made through the Commissioner by insurers or health maintenance organizations, the Treasurer shall accept and hold in trust:
    (1)   deposits required under this article for a certificate of authority to engage in the insurance business in the State;
    (2)   deposits required under § 19-710(d)(3) of the Health - General Article for a certificate of authority to operate as a health maintenance organization;
    (3)   deposits of domestic insurers, foreign insurers, or alien insurers required under the laws of another state, province, or country as a prerequisite for authority to engage in the insurance business in the other state, province, or country;
    (4)   deposits allowed under § 5-704 of this subtitle; and
    (5)   deposits required under Title 6, Subtitle 3 of this article.
  (b)   Deposits made under subsection (a) of this section shall be in any combination of:
    (1)   cash; or
    (2)   the government securities described in § 5-510(b) or § 5-607(b)(1)(i), (ii), or (iii) of this title, as approved by the Treasurer.
  (c)   Deposits of government securities shall be registered, both as to principal and interest, in the name of the Treasurer as trustee.