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SB982Introduced in the Senate

Mutual Insurance Holding Companies - Conversion to Mutual Insurers

Passed

Introduced by Cory McCray, District 45

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

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.

Where it stands

Approved by the Governor - Chapter 687

May 26, 2026

How did lawmakers vote?

House of Delegates votes

1 recorded vote · each counted separately

Senate votes

1 recorded vote · each counted separately

House of DelegatesStage: Third Reading Passed · April 13, 2026

132

Yes

0

No

9

Absent or Not Voting

141 delegates recorded in this House of Delegates vote. Colors show vote categories only, not whether a vote was good or bad.

See how each delegate voted

Bill history

  1. First Reading Senate Rules

  2. Rereferred to Finance

  3. Hearing 3/26 at 1:00 p.m.

  4. Favorable Report by Finance

  5. Favorable Adopted

  6. Second Reading Passed

  7. Third Reading Passed (43-0)

  8. Referred Rules and Executive Nominations

  9. Rereferred to Judiciary

  10. Favorable Report by Judiciary

  11. Favorable Adopted Second Reading Passed

  12. Third Reading Passed (132-0)

  13. Returned Passed

  14. Approved by the Governor - Chapter 687

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