Legislation - HB1228

Title: Insurance - Premium Receipts Tax - Exemption for Captive Insurance Procured by Nonprofit Hospitals and Health Care Systems
Sponsored by: Delegate Qi
Status: In the House - First Reading Judiciary and Health
Analysis

Synopsis

Exempting premiums on lawfully procured captive insurance by nonprofit hospitals and health care systems located in the State from the State insurance premium receipts tax imposed on unauthorized insurers and persons insured by unauthorized insurers; and prohibiting the Maryland Insurance Administration from charging or collecting a certain tax or certain fees, penalties, or interest from certain unauthorized insurers and certain insureds.

Committees

Original:: Judiciary; Health

Details

Cross-filed with: SB0890

Bill File Type: Regular

Effective Date(s): July 1, 2026

History

Legislation History
Chamber House Calendar Date 2/11/2026 Legislative Date 2/11/2026 Action First Reading Judiciary and Health Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Insurance - Premium Receipts Tax - Exemption for Captive Insurance Procured by Nonprofit Hospitals and Health Care Systems Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/11/2026	2/11/2026	First Reading Judiciary and Health
			Text - First - Insurance - Premium Receipts Tax - Exemption for Captive Insurance Procured by Nonprofit Hospitals and Health Care Systems

File Code

Subjects

Statutes