§ 1318. Deposits, securities eligible. (a) Except as otherwise
provided in this chapter, every deposit made with the superintendent
shall be in the securities specified in paragraphs one and two of
subsection (b) of section one thousand four hundred two of this chapter,
estimated at an amount not exceeding their current market value, but
their total par value shall not be less than the amount required.

(b) Such deposit made by a foreign insurer may be in like securities
of its home state if similar domestic insurers doing business in such
state are permitted to deposit therein like securities of this state.

(c) If the aggregate market value of the securities on deposit shall
fall below the required amount, the superintendent may require the
depositing insurer to deposit sufficient additional securities of like
character.