Financial security deposit requirements for MGAs require lien-marked maintenance with release only on prior written permission. An MGA must, before commencing business, maintain a deposit with an IBU under lien in favour of the Authority, comprising USD 10,000 and 10% of the minimum paid-up equity capital or assigned capital. The deposit cannot be released without prior written permission of the Competent Authority, which may also impose a separate deposit limit subject to an overall ceiling. Interest earned on the deposit is excluded from the lien.