# COMAR 14.09.14.06: COMAR 14.09.14.06. Funds, Advance Premium Discounts, Surplus Distribution, Deficits

> Maryland · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_14_09_14_06

## Section

- **Citation:** COMAR 14.09.14.06
- **Heading:** COMAR 14.09.14.06. Funds, Advance Premium Discounts, Surplus Distribution, Deficits
- **Jurisdiction:** Maryland
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Code of Maryland Regulations / Title 14 INDEPENDENT AGENCIES / Subtitle 09 WORKERS' COMPENSATION COMMISSION / Chapter 14 Governmental Group Self-Insurance / COMAR 14.09.14.06

## Text

A. The trustees of any group self-insurers' fund may not allow advance premium discounts to any member in excess of that allowed by the excess insurance underwriter, subject, however, to a maximum of 15 percent of their standard premium.
B. Any surplus monies for a fund year in excess of the amount necessary to fulfill all obligations under the Workers' Compensation Law for that fund year, including a provision for claims incurred but not reported, may be declared to be refundable by the trustees at any time, and the amount of the declaration shall be a fixed liability of the fund at the time of the declaration.
C. The date of payment shall be as agreed by the trustees except that surplus monies not needed to satisfy the loss fund requirements, that is, trustees' funds, may be refunded immediately after the end of the fund year with the approval of the Commission. The intent of this section is to ensure that sufficient monies are retained to assure that total assets are greater than total liabilities for each fund year.
D. In the event of a deficit in any fund year, the deficit shall be made up immediately from any of the following:
(1) Unencumbered surplus from a fund year other than the current fund year;
(2) Trustees' funds;
(3) By assessment of the membership of the deficit fund year if ordered; or
(4) By such alternative method as the Commission may approve.
E. The Commission shall be notified before any transfer of unencumbered surplus funds.
Cross References 14.09.14.08A(2)(d)

## Nearby sections

- [COMAR 14.09.14.01 COMAR 14.09.14.01. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_14_09_14_01.md)
- [COMAR 14.09.14.01-1 COMAR 14.09.14.01-1. Application](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_14_09_14_01_1.md)
- [COMAR 14.09.14.02 COMAR 14.09.14.02. Approval and Review](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_14_09_14_02.md)
- [COMAR 14.09.14.03 COMAR 14.09.14.03. Members Admission and Termination](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_14_09_14_03.md)
- [COMAR 14.09.14.04 COMAR 14.09.14.04. Reports to the Commission](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_14_09_14_04.md)
- [COMAR 14.09.14.05 COMAR 14.09.14.05. Trustee Responsibilities](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_14_09_14_05.md)
- [COMAR 14.09.14.06 COMAR 14.09.14.06. Funds, Advance Premium Discounts, Surplus Distribution, Deficits](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_14_09_14_06.md)
- [COMAR 14.09.14.07 COMAR 14.09.14.07. Excess Insurance](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_14_09_14_07.md)
- [COMAR 14.09.14.08 COMAR 14.09.14.08. Investments Authorized](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_14_09_14_08.md)
- [COMAR 14.09.14.09 COMAR 14.09.14.09. Reporting Requirements and Corrective Action Plans](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_14_09_14_09.md)
- [COMAR 14.09.14.10 COMAR 14.09.14.10. Request for Hearing Before the Commission](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_14_09_14_10.md)
- [COMAR 14.09.14.11 COMAR 14.09.14.11. Appeals to Circuit Court](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_14_09_14_11.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_14_09_14_06. Check the current official text before relying on it. Not legal advice.