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Maryland General Assembly · SB0982 · Approved by the Governor - Chapter 687 (Chapter 687)

Mutual Insurance Holding Companies - Conversion to Mutual Insurers

Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.

Officially: “Mutual Insurance Holding Companies - Conversion to Mutual Insurers Read the full text

2026 session

What it does

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.
From the official legislative record, shown verbatim. Not legal advice.

Where it is

First reading, house of origin · Feb 14, 2026
Hearing · Mar 26, 2026
Committee report, house of origin: Favorable · Apr 5, 2026
Second reading, house of origin: Passed · Mar 17, 2026
Third reading, house of origin: Passed · Mar 18, 2026
First reading, opposite house · Mar 20, 2026
Committee report, opposite house: Favorable · Apr 10, 2026
Second reading, opposite house: Passed · Mar 26, 2026
Third reading, opposite house: Passed · Mar 31, 2026

The numbers

1
sponsor on the bill

Sponsors

Senator McCray
Every fact on this page links to its source, starting with the official bill record. Last action: Approved by the Governor - Chapter 687 (as of Aug 30, 2026).