Legislation - SB0982

Authorizing a mutual insurance holding company 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:: Finance Click to view Recorded Media

Opposite:: Judiciary

Committee Testimony

Witness List

Details

Cross-filed with: HB1616

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber Senate Calendar Date 2/15/2026 Legislative Date 2/15/2026 Action First Reading Senate Rules Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Mutual Insurance Holding Companies - Conversion to Mutual Insurers Proceedings
Chamber Senate Calendar Date 3/20/2026 Legislative Date 3/20/2026 Action Rereferred to Finance Proceedings
Chamber Senate Calendar Date 3/23/2026 Legislative Date 3/23/2026 Action Hearing 3/26 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/06/2026 Legislative Date 4/06/2026 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 4/07/2026 Legislative Date 3/18/2026 Action Favorable Adopted Proceedings 57 Click to view Recorded Media
Chamber Senate Calendar Date 4/07/2026 Legislative Date 3/18/2026 Action Second Reading Passed Proceedings 57 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Mutual Insurance Holding Companies - Conversion to Mutual Insurers Proceedings
Chamber Senate Calendar Date 4/08/2026 Legislative Date 3/19/2026 Action Third Reading Passed (43-0) Proceedings 58 Click to view Recorded Media
Chamber House Calendar Date 4/08/2026 Legislative Date 3/21/2026 Action Referred Rules and Executive Nominations Proceedings 58 Click to view Recorded Media
Chamber House Calendar Date 4/09/2026 Legislative Date 4/09/2026 Action Rereferred to Judiciary Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Judiciary Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/11/2026 Legislative Date 4/11/2026 Action Favorable Report by Judiciary Proceedings
Chamber House Calendar Date 4/11/2026 Legislative Date 3/27/2026 Action Favorable Adopted Second Reading Passed Proceedings 64 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/15/2026	2/15/2026	First Reading Senate Rules
			Text - First - Mutual Insurance Holding Companies - Conversion to Mutual Insurers
Senate	3/20/2026	3/20/2026	Rereferred to Finance
Senate	3/23/2026	3/23/2026	Hearing 3/26 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	4/06/2026	4/06/2026	Favorable Report by Finance
Senate	4/07/2026	3/18/2026	Favorable Adopted	57 Click to view Recorded Media
Senate	4/07/2026	3/18/2026	Second Reading Passed	57 Click to view Recorded Media
			Text - Third - Mutual Insurance Holding Companies - Conversion to Mutual Insurers
Senate	4/08/2026	3/19/2026	Third Reading Passed (43-0)	58 Click to view Recorded Media
House	4/08/2026	3/21/2026	Referred Rules and Executive Nominations	58 Click to view Recorded Media
House	4/09/2026	4/09/2026	Rereferred to Judiciary
			Vote - House - Committee - Judiciary	Click to view Recorded Media
House	4/11/2026	4/11/2026	Favorable Report by Judiciary
House	4/11/2026	3/27/2026	Favorable Adopted Second Reading Passed	64 Click to view Recorded Media

File Code

Subjects

Statutes