COMAR 31.05.10.04. Credit Risk Exposure Limits

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Code of Maryland Regulations › Title 31 MARYLAND INSURANCE ADMINISTRATION › Subtitle 05 ASSETS, LIABILITIES, RESERVES, AND INVESTMENTS OF INSURERS › Chapter 10 Financial Guaranty Insurance › COMAR 31.05.10.04

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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A. A financial guaranty insurer's outstanding total liability for municipal obligation bonds, special revenue bonds, and industrial development bonds shall be investment grade to the following extent:

(1) For financial guaranty insurers rated AAA by a nationally recognized statistical rating organization, at least 95 percent;

(2) For financial guaranty insurers rated AA by a nationally recognized statistical rating organization, at least 85 percent; and

(3) For financial guaranty insurers rated A by a nationally recognized statistical rating organization, at least 70 percent.

B. By written request of a financial guaranty insurer, the Commissioner may approve any other level considered appropriate.

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