# COMAR 31.05.10.08: COMAR 31.05.10.08. Collateral

> Maryland · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_05_10_08

## Section

- **Citation:** COMAR 31.05.10.08
- **Heading:** COMAR 31.05.10.08. Collateral
- **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 31.05.10.08

## Text

Collateral shall be:
A. Deposited with the financial guaranty insurer;
B. Held in trust by a trustee or custodian acceptable to the Commissioner for the benefit of the financial guaranty insurer; or
C. Held in trust pursuant to the bond indenture or other trust arrangement for the benefit of security holders in the form of funds for the payment of insured obligations, sinking funds, or other reserves that may be used to pay the insured obligations and trustee and other administrative fees on a first priority basis established and continually maintained pursuant to the bond indenture or other trust arrangement by a trustee acceptable to the Commissioner.

## 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_08. Check the current official text before relying on it. Not legal advice.