Section 5-709 - Transfer or release of deposits after merger or consolidation(a) On completion of a merger or consolidation, an insurer that merges or consolidates with another insurer may: (1) transfer to the successor insurer any deposit made by the merged or consolidated insurer under this subtitle; or(2) have released to the successor insurer all or part of a deposit made by the merged or consolidated insurer under this subtitle that is no longer required of the successor insurer under this article.(b) A transfer or release of a deposit under this section may be made only: (1) with the approval of the Commissioner; and(2) on affidavit of the officers of the merged or consolidated insurer and the successor insurer that the liabilities of the merged or consolidated insurer have been extinguished, canceled, or reinsured.