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Altering the grounds on which the Maryland Insurance Commissioner may deny an applicant for registration as or refuse to renew, suspend, or revoke the registration of a third party administrator; and altering the violations for which the Commissioner may impose civil penalties against a third party administrator.

Establishing the method for calculating the measure of the actual cash value recovery in the settlement of a first-party claim under a residential or commercial property insurance policy issued or renewed on or after October 1, 2026; and requiring an insurer that renews a policy of homeowner's insurance or renter's insurance to notify the insured, in advance of the renewal, of certain differences between the expiring policy and the renewal policy.

Altering the grounds on which the Maryland Insurance Commissioner may deny an applicant for registration as or refuse to renew, suspend, or revoke the registration of a third party administrator; and altering the violations for which the Commissioner may impose civil penalties against a third party administrator.

Altering the application of certain provisions of law governing local government personnel, trout stamps, and landlord remedies to apply to all uniformed services; and altering the composition of the Maryland Veterans Trust Fund.

Establishing the Maryland New Markets Development Program; requiring the Department of Housing and Community Development to administer the Program; authorizing a credit against the State insurance premium receipts tax and certain State insurance retaliatory taxes, fees, charges, and penalties for certain equity investments in certain community development entities; authorizing the Department to recapture a credit under certain circumstances; limiting the credit amounts that may be issued to $18,750,000 for any taxable year; etc.

Establishing the method for calculating the measure of the actual cash value recovery in the settlement of a first-party claim under a residential or commercial property insurance policy issued or renewed on or after October 1, 2026; and requiring an insurer that renews a policy of homeowner's insurance or renter's insurance to notify the insured, in advance of the renewal, of certain differences between the expiring policy and the renewal policy.

Establishing requirements and prohibitions for parametric insurance policies that are issued to a resident of the State or are sold, solicited, negotiated, or offered in the State; and authorizing the Maryland Insurance Commissioner to establish a pilot program to provide insurers participating in the pilot program additional opportunities to provide parametric insurance products, serve a public need, protect vulnerable populations, and advance policy goals in the State.

Prohibiting an insurer, with respect to private passenger motor vehicle insurance, from increasing a premium, adding a surcharge, or removing, altering, or refusing to consider a discount based on accidents or losses caused by a collision with a free-roaming wild animal and for which the insured was not at fault for the loss.

Requiring an insurer that issues or delivers private passenger motor vehicle insurance policies in the State to disclose the use of a program that measures the operation of an insured vehicle and to establish a process by which a policyholder may correct or appeal data the policyholder believes to be erroneous; prohibiting insurers with respect to certain private passenger motor vehicle insurance policies from initiating a premium increase in increments of less than 6 months from the date the policy goes into effect; etc.

Establishing the Maryland New Markets Development Program; requiring the Department of Housing and Community Development to administer the Program; authorizing a credit against the State insurance premium receipts tax and certain State insurance retaliatory taxes, fees, charges, and penalties for certain equity investments in certain community development entities; authorizing the Department to recapture a credit under certain circumstances; limiting the credit amounts that may be issued to $18,750,000 for any taxable year; etc.

Repealing certain provisions of law authorizing a peer-to-peer car sharing program's motor vehicle liability insurance policy on a replacement vehicle to be secondary coverage for a shared vehicle driver; altering and establishing certain motor vehicle liability insurance requirements applicable to peer-to-peer car sharing programs; providing that the Maryland Automobile Insurance Fund is not required to provide coverage to a shared vehicle driver for the use of a shared vehicle that is not a replacement vehicle; etc.

Altering the purpose of the Maryland Automobile Insurance Fund to specify that the financial security provided by the Fund be provided at rates that are affordable; and authorizing the Executive Director of the Fund to establish an affordability program that may otherwise be considered to be inconsistent with certain provisions of insurance law.

Altering the purpose of the Maryland Automobile Insurance Fund to specify that the financial security provided by the Fund be provided at rates that are affordable; and authorizing the Executive Director of the Fund to establish an affordability program that may otherwise be considered to be inconsistent with certain provisions of insurance law.

Repealing the minimum commission rate of 10% of the total premium that the Maryland Automobile Insurance Fund is required to pay to a fund producer of a policyholder to whom a policy is issued for private passenger auto insurance.

Requiring that $5,000,000 of property and casualty insurance premium tax proceeds be distributed, beginning July 1, 2026, annually to the State Disaster Recovery Fund.

Requiring the University System of Maryland to conduct a study to evaluate the relationship between climate change, homeowner's insurance, and emergency and disaster preparedness; requiring the University, by January 1, 2027, to submit a report to the General Assembly on the federal flood insurance program, and private flood insurance programs and make recommendations on actions and modifications to mitigate risks associated with climate change and improve the service and responsiveness of insurers; etc.

Exempting farm area motor vehicles from the requirement for a motor vehicle to carry required security.

Extending the termination date of the Workgroup on the Affordability of Private Passenger Automobile Insurance from June 30, 2026, to June 30, 2027, and altering the membership and duties of the Workgroup.

Exempting premiums on lawfully procured captive insurance by nonprofit hospitals and health care systems located in the State from the State insurance premium receipts tax imposed on unauthorized insurers and persons insured by unauthorized insurers; and prohibiting the Maryland Insurance Administration from charging or collecting a certain tax, or certain fees, penalties, or interest from certain unauthorized insurers and certain insureds.

Clarifying that injury resulting from conversion therapy is cognizable for purposes of a health care malpractice action; establishing certain procedures in an action for health care malpractice resulting from conversion therapy; removing the limitation on noneconomic damages to a claimant in an action for health care malpractice resulting from conversion therapy; etc.

Requiring that $5,000,000 of property and casualty insurance premium tax proceeds be distributed, beginning July 1, 2026, annually to the State Disaster Recovery Fund.

Repealing certain provisions of law authorizing a peer-to-peer car sharing program's motor vehicle liability insurance policy on a replacement vehicle to be secondary coverage for a shared vehicle driver; altering and establishing certain motor vehicle liability insurance requirements applicable to peer-to-peer car sharing programs; providing that the Maryland Automobile Insurance Fund is not required to provide coverage to a shared vehicle driver for the use of a shared vehicle that is not a replacement vehicle; etc.

Requiring the University System of Maryland to conduct a study to evaluate the relationship between climate change, homeowner's insurance, and emergency and disaster preparedness; requiring the University, by January 1, 2027, to submit its report to the General Assembly addressing the current state of the National Flood Insurance Program and the private flood insurance market, recommendations on the how the State can incentivize residents to invest in home protection from extreme weather events, and other recommendations; etc.

Authorizing all counties, rather than only certain counties, to honor certificates of guarantee that are issued by certain associations or on behalf of certain contractors in order to satisfy certain county bond requirements; and providing that a county is not required under certain provisions of law to honor certain certificates of guarantee.

Clarifying that injury resulting from conversion therapy is cognizable for purposes of a health care malpractice action; establishing certain procedures in an action for health care malpractice resulting from conversion therapy; removing the limitation on noneconomic damages to a claimant in an action for health care malpractice resulting from conversion therapy; etc.

Exempting premiums on lawfully procured captive insurance by nonprofit hospitals and health care systems located in the State from the State insurance premium receipts tax imposed on unauthorized insurers and persons insured by unauthorized insurers; and prohibiting the Maryland Insurance Administration from charging or collecting a certain tax or certain fees, penalties, or interest from certain unauthorized insurers and certain insureds.

Repealing the minimum commission rate of 10% of the total premium that the Maryland Automobile Insurance Fund is required to pay to a fund producer of a policyholder to whom a policy is issued for private passenger auto insurance.

Establishing the Maryland Helping Everyone Afford Life-Saving Treatments and Health Care (HEALTH) Fund as a special, nonlapsing fund to assist Maryland Medical Assistance Program enrollees, insured individuals, and uninsured individuals with health care costs associated with legally protected health care services and benefits provided under State law that are subject to federal restrictions; requiring that certain sources of revenue be distributed or credited to the Fund; etc.

Requiring the Maryland Insurance Administration to establish a workgroup to study how the General Assembly could establish an equitable and sustainable low-cost auto program or economic relief credit program to reduce the cost of private passenger automobile insurance for low-income drivers in the State; and requiring the workgroup to submit its findings and recommendations to the Governor and the General Assembly on or before January 1, 2027.

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.

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.