# COMAR 31.05.10.04: COMAR 31.05.10.04. Credit Risk Exposure Limits

> Maryland · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_04

## Section

- **Citation:** COMAR 31.05.10.04
- **Heading:** COMAR 31.05.10.04. Credit Risk Exposure Limits
- **Jurisdiction:** Maryland
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** 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

## Text

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.

## Nearby sections

- [COMAR 31.05.10.01 COMAR 31.05.10.01. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_01.md)
- [COMAR 31.05.10.02 COMAR 31.05.10.02. Contingency Reserve Requirements](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_02.md)
- [COMAR 31.05.10.03 COMAR 31.05.10.03. Scope of Certificate of Authority](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_03.md)
- [COMAR 31.05.10.04 COMAR 31.05.10.04. Credit Risk Exposure Limits](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_04.md)
- [COMAR 31.05.10.05 COMAR 31.05.10.05. Aggregate Risk Limits](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_05.md)
- [COMAR 31.05.10.06 COMAR 31.05.10.06. Single Risk Limits](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_06.md)
- [COMAR 31.05.10.07 COMAR 31.05.10.07. Insurers That Exceed Limitations](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_07.md)
- [COMAR 31.05.10.08 COMAR 31.05.10.08. Collateral](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_08.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_04. Check the current official text before relying on it. Not legal advice.