§ 4-209

(a) Payment to the initial guaranty fund shall be:

(1) Made in money; and

(2) Evidenced by transferable deferred payment certificates.

(b) The approval of the Commissioner is required as to:

(1) The form of the transferable deferred payment certificates;

(2) The rate of interest that the holder of a certificate will be entitled to receive; and

(3) The terms under which and the pro rata installments by which the holder of a certificate will be repaid.