Mutual Insurance Holding Companies - Conversion to Mutual Insurers

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill lets a mutual insurance holding company that fully owns a reorganized stock insurer change its whole structure into a mutual insurer. Conversion requires a detailed plan approved by the company’s board, a 75% member vote, and the Maryland Insurance Commissioner’s sign‑off. It aims to protect members and policyholders while giving regulators oversight of the transition.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Hearings

• Finance — Bill Hearing
  Finance · Mar 26, 2026
• Judiciary — Bill Hearing
  Judiciary · Mar 20, 2026

History

1. May 26, 2026Approved by the Governor - Chapter 688
2. Apr 9, 2026Returned Passed
3. Apr 8, 2026Third Reading Passed
4. Apr 7, 2026Second Reading Passed
5. Apr 7, 2026Favorable Adopted
6. Apr 6, 2026Favorable Report by Finance
7. Mar 24, 2026Hearing 3/26 at 1:00 p.m.
8. Mar 23, 2026Third Reading Passed
9. Mar 23, 2026Referred Finance
10. Mar 21, 2026Favorable Report by Judiciary
11. Mar 21, 2026Favorable Adopted Second Reading Passed
12. Mar 20, 2026Hearing canceled

The 12 most recent of 19 recorded actions.

Sponsors

• Rogers · sponsor

Bill text

Opens the legislature’s own copy.

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