§ 24–212
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 24-212 (2026)
Title 24. State Created Mutual Societies and Other Entities
Subtitle 2. Medical Mutual Liability Insurance Society of Maryland
§ 24–212LinkCopy Citation
(a)
If the Society requests a rate increase of more than 7.5% and, at the time of the rate filing, the Society’s surplus is more than 500% of its authorized control level risk-based capital, the Commissioner may determine whether the Society’s surplus is excessive.
(b)
If, after a hearing, the Commissioner determines that the surplus is excessive, the Commissioner may order the rates filed to be reduced.