SB 982 — Maryland
Mutual Insurance Holding Companies - Conversion to Mutual Insurers
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.
Latest action: Approved by the Governor - Chapter 687 · May 26, 2026
Synopsis written by the legislature's own staff, as published on the official bill page. Status label is derived from the recorded actions. The full text below is the record.
Committees: Finance (Senate); Judiciary (House of Delegates)
Updated Jun 4, 2026
Timeline
First Reading Senate Rules
Feb 15, 2026 · Senate
Rereferred to Finance
Mar 20, 2026 · Senate
Hearing 3/26 at 1:00 p.m.
Mar 23, 2026 · Senate
Favorable Report by Finance
Apr 6, 2026 · Senate
Favorable Adopted
Apr 7, 2026 · Senate
Second Reading Passed
Apr 7, 2026 · Senate
Third Reading Passed
Apr 8, 2026 · Senate
Referred Rules and Executive Nominations
Apr 8, 2026 · House of Delegates
Rereferred to Judiciary
Apr 9, 2026 · House of Delegates
Favorable Report by Judiciary
Apr 11, 2026 · House of Delegates
Favorable Adopted Second Reading Passed
Apr 11, 2026 · House of Delegates
Third Reading Passed
Apr 13, 2026 · House of Delegates
Returned Passed
Apr 13, 2026 · Senate
Approved by the Governor - Chapter 687
May 26, 2026 · executive
Sponsored by Cory McCray
Senate vote — 43–0
On Third Reading · Mar 19, 2026 · result: pass
43 yea · 0 nay · 4 absent, excused, abstain or not voting
House of Delegates vote — 132–0
On Third Reading · Apr 1, 2026 · result: pass
132 yea · 0 nay · 9 absent, excused, abstain or not voting
Official records. Maryland legislators, bills and roll-call votes from the Maryland General Assembly, imported through Open States on Oct 27, 2026 (partial import — not yet the full session). Accuracy review against the official site is still under way. Campaign-finance records for Maryland are not imported yet.