Legislation - HB1616

Authorizing a mutual insurance holding company that, directly or indirectly, owns 100% of the capital stock of a reorganized stock insurer to convert its mutual insurance holding company system to a mutual insurer on adoption and approval of a plan of conversion; and establishing certain requirements related to the plan of conversion and its submission to the Maryland Insurance Commissioner for approval.

Committees

Original:: Judiciary Click to view Recorded Media

Opposite:: Finance Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: SB0982

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber House Calendar Date 2/19/2026 Legislative Date 2/19/2026 Action First Reading House Rules and Executive Nominations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Mutual Insurance Holding Companies - Conversion to Mutual Insurers Proceedings
Chamber House Calendar Date 3/10/2026 Legislative Date 3/10/2026 Action Rereferred to Economic Matters Proceedings
Chamber House Calendar Date 3/17/2026 Legislative Date 3/17/2026 Action Rereferred to Judiciary Proceedings
Chamber House Calendar Date 3/17/2026 Legislative Date 3/17/2026 Action Hearing 3/19 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/17/2026 Legislative Date 3/17/2026 Action Hearing canceled Proceedings
Chamber House Calendar Date 3/17/2026 Legislative Date 3/17/2026 Action Hearing 3/20 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/20/2026 Legislative Date 3/20/2026 Action Hearing canceled Proceedings
Chamber House Calendar Date 3/20/2026 Legislative Date 3/20/2026 Action Hearing 3/20 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Judiciary Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/21/2026 Legislative Date 3/21/2026 Action Favorable Report by Judiciary Proceedings
Chamber House Calendar Date 3/21/2026 Legislative Date 3/09/2026 Action Favorable Adopted Second Reading Passed Proceedings 46 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Mutual Insurance Holding Companies - Conversion to Mutual Insurers Proceedings
Chamber House Calendar Date 3/23/2026 Legislative Date 3/11/2026 Action Third Reading Passed (136-0) Proceedings 48 Click to view Recorded Media
Chamber Senate Calendar Date 3/23/2026 Legislative Date 3/07/2026 Action Referred Finance Proceedings 46 Click to view Recorded Media
Chamber Senate Calendar Date 3/24/2026 Legislative Date 3/24/2026 Action Hearing 3/26 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/19/2026	2/19/2026	First Reading House Rules and Executive Nominations
			Text - First - Mutual Insurance Holding Companies - Conversion to Mutual Insurers
House	3/10/2026	3/10/2026	Rereferred to Economic Matters
House	3/17/2026	3/17/2026	Rereferred to Judiciary
House	3/17/2026	3/17/2026	Hearing 3/19 at 1:00 p.m.
House	3/17/2026	3/17/2026	Hearing canceled
House	3/17/2026	3/17/2026	Hearing 3/20 at 1:00 p.m.
House	3/20/2026	3/20/2026	Hearing canceled
House	3/20/2026	3/20/2026	Hearing 3/20 at 1:30 p.m.
			Vote - House - Committee - Judiciary	Click to view Recorded Media
House	3/21/2026	3/21/2026	Favorable Report by Judiciary
House	3/21/2026	3/09/2026	Favorable Adopted Second Reading Passed	46 Click to view Recorded Media
			Text - Third - Mutual Insurance Holding Companies - Conversion to Mutual Insurers
House	3/23/2026	3/11/2026	Third Reading Passed (136-0)	48 Click to view Recorded Media
Senate	3/23/2026	3/07/2026	Referred Finance	46 Click to view Recorded Media
Senate	3/24/2026	3/24/2026	Hearing 3/26 at 1:00 p.m.

File Code

Subjects

Statutes