{"data":{"id":"us-md/md.-code-insurance-24-212","jurisdiction":"us-md","citation":"Md. Code, Insurance § 24–212","heading":"","body":"(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.\n(b) If, after a hearing, the Commissioner determines that the surplus is excessive, the Commissioner may order the rates filed to be reduced.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=24-212","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"96caeb86165ae8644cca43471c98f87fe376bb65dca71da0c664836f2963ba27","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-24-211","next":"us-md/md.-code-insurance-24-213"},"notice":"GroundRules: Original legal text. Not legal advice."}