Insurance - Captive Insurers - Premium Receipts Tax Study

Summary

The bill removes the state premium‑receipts tax on captive‑insurance premiums purchased by nonprofit hospitals and health‑care systems. It also directs the Maryland Insurance Administration to study how captive insurers are used, regulated and taxed in the state and to report its findings by Jan. 1, 2027. The changes aim to lower costs for nonprofit health providers while giving lawmakers data for future policy.

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

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