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state_legiscan_drain · MD

Mutual Insurance Holding Companies - Conversion to Mutual Insurers

February 15, 2026

Summary

If enacted, this bill would authorize mutual insurance holding companies to convert their systems to mutual insurers upon adoption and approval of a plan of conversion by the Maryland Insurance Commissioner. It establishes requirements for the plan and its submission to the Commissioner.

AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.

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Source: https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0982?ys=2026RS

Common questions

What does "Mutual Insurance Holding Companies - Conversion to Mutual Insurers" cover?
If enacted, this bill would authorize mutual insurance holding companies to convert their systems to mutual insurers upon adoption and approval of a plan…
When was it published?
It was published on February 15, 2026.

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