state_legiscan_drain · MD
Mutual Insurance Holding Companies - Conversion to Mutual Insurers
February 19, 2026
Summary
If enacted, this bill would authorize a mutual insurance holding company that owns 100% of a reorganized stock insurer to convert its system to a mutual insurer upon adoption of a plan approved by the Maryland Insurance Commissioner. The bill establishes requirements for the plan of conversion, including submission to the Commissioner for approval. This affects insurers and insurance holding companies operating in the state.
Source: https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1616?ys=2026RS
Common questions
- What does "Mutual Insurance Holding Companies - Conversion to Mutual Insurers" cover?
- If enacted, this bill would authorize a mutual insurance holding company that owns 100% of a reorganized stock insurer to convert its system to a mutual…
- When was it published?
- It was published on February 19, 2026.