SB148Introduced in the Senate
Relating to distributions from funds collected from premium tax on certain insurance policies
Introduced by Mike Oliverio, District 13
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
The purpose of this bill is to reallocate ten 10 basis points of the one percent premium tax on fire insurance and casualty policies from the Teachers Retirement System to the Municipal Pensions Security Fund, and to decrease the amount of time in which a municipal policeman's or firefighter's pension and relief fund may be in noncompliance with the Municipal Pensions Oversight Board's investment requirements before it may be forced to invest with the state Investment Management Board.
Where it stands
To Banking and Insurance
January 14, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Filed for introduction
To Banking and Insurance then Finance
Introduced in Senate
To Banking and Insurance
Verify the information
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