Maryland Statutes
Subtitle 2 - Medical Mutual Liability Insurance Society of Maryland
Section 24-212 - Excess Surplus; Rate Reduction

(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.

Structure Maryland Statutes