Maryland Statutes
§ 24-212
Maryland § 24-212
This text of Maryland § 24-212 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Insurance § 24-212 (2026).
Text
(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.
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Bluebook (online)
Maryland § 24-212, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gin/24-212.