HB1616

Mutual Insurance Holding Companies - Conversion to Mutual Insurers

Authorizing a mutual insurance holding company that, directly or indirectly, owns 100% of the capital stock of a reorganized stock insurer 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.

Basic Information

Status
Na
Session
2026 Regular Session
Type
Unknown
Cross-filed
SB0982

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Sponsors

Rogers