# Maryland HB 1616: Mutual Insurance Holding Companies - Conversion to Mutual Insurers Maryland HB 1616, Mutual Insurance Holding Companies - Conversion to Mutual Insurers, is a 2026 Regular Session House bill sponsored by Mike Rogers (Democratic); status signed, last action 2026-05-26 (Approved by the Governor - Chapter 688) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/MD-HB1616-2026RS - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Maryland HB 1616 - State: Maryland - Session: 2026 Regular Session - Title: Mutual Insurance Holding Companies - Conversion to Mutual Insurers - Status: signed - Chamber: House - Introduced: 2026-02-19 - Last action: 2026-05-26, Approved by the Governor - Chapter 688 - Sponsor: Mike Rogers (Democratic) - Cosponsors: 0 - Subjects: Insurance - Other than Health, Commerce and Business -see also- ElectrComm; ForeignTr; etc., Hearings, Insurance Administration, Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins, Notices, Plans and Proposals, Rules and Regulations - Touches household money: no - Roll calls: 2 (179 yes, 0 no in all) - Economic provisions PRIA read: 4 ## Summary No summary available. ## Bill overview: provisions PRIA read - Members get big say on conversions: benefit, low. Beginning October 1, 2026, the board must approve any conversion plan by a majority vote. Members then vote at a meeting noticed in a Commissioner‑approved way that states the time, place, and purpose. At least 75% of votes cast in person, by proxy, or by mail must approve the plan. - Stronger policyholder protection in insolvency: benefit, low. Beginning October 1, 2026, a mutual insurance holding company cannot dissolve or liquidate except under Title 9 or through the conversion process. In any Title 9 case that involves its reorganized stock insurer subsidiary, the holding company must be a party. The holding company’s assets count as p… - Insurance regulator review and deadlines: mixed, low. Beginning October 1, 2026, companies must file a conversion plan with the Insurance Commissioner at least 60 days before the effective date. The filing includes amended articles and bylaws, a five‑year operations plan with asset and liability transfers, a list of officers and directors, and biograp… - Converting holding companies into mutual insurers: mixed, low. Beginning October 1, 2026, a mutual insurance holding company that owns 100% of a reorganized stock insurer can convert to a mutual insurer under an approved plan. On conversion, current membership interests become nontransferable membership in the new mutual insurer. Existing policies stay in forc… ## Sponsors and cosponsors - Sponsor: Mike Rogers (Democratic), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-04-08 | Senate | Third Reading Passed | pass | 43 | 0 | 2 | | 2026-03-23 | House | Third Reading Passed | pass | 136 | 0 | 4 | ## Actions (19) - 2026-05-26: Approved by the Governor - Chapter 688 - 2026-04-09: Returned Passed (House) - 2026-04-08: Third Reading Passed (43-0) (Senate) - 2026-04-07: Second Reading Passed (Senate) - 2026-04-07: Favorable Adopted (Senate) - 2026-04-06: Favorable Report by Finance (Senate) - 2026-03-24: Hearing 3/26 at 1:00 p.m. (Senate) - 2026-03-23: Referred Finance (Senate) - 2026-03-23: Third Reading Passed (136-0) (House) - 2026-03-21: Favorable Adopted Second Reading Passed (House) - 2026-03-21: Favorable Report by Judiciary (House) - 2026-03-20: Hearing 3/20 at 1:30 p.m. (House) - 2026-03-20: Hearing canceled (House) - 2026-03-17: Hearing 3/20 at 1:00 p.m. (House) - 2026-03-17: Hearing canceled (House) - 2026-03-17: Hearing 3/19 at 1:00 p.m. (House) - 2026-03-17: Rereferred to Judiciary (House) - 2026-03-10: Rereferred to Economic Matters (House) - 2026-02-19: First Reading House Rules and Executive Nominations (House) ## Bill text - Enacted, 2026-05-26: [PDF](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_688_hb1616t.pdf) - Third Reading, 2026-03-21: [PDF](https://mgaleg.maryland.gov/2026RS/bills/hb/hb1616t.pdf) - First Reading, 2026-02-19: [PDF](https://mgaleg.maryland.gov/2026RS/bills/hb/hb1616f.pdf) ## Related bills - SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - Authorization (became law) - SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishment (became law) - SB 0244: Code Revision - Health - Maryland Medical Assistance Program (became law) - SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-1 Specialists Act) (became law) - SB 0016: Child Support - Earnings Withholdings Limits (became law) - HB 0529: Code Revision - Health - Maryland Medical Assistance Program (became law) ## Sources - [Enacted (PDF)](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_688_hb1616t.pdf) - [Third Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/hb/hb1616t.pdf) - [First Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/hb/hb1616f.pdf) ## Related - [SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - A…](https://policyrisk.com/state-bill/MD-SB0496-2026RS) - [SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishm…](https://policyrisk.com/state-bill/MD-SB0366-2026RS) - [SB 0244: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-SB0244-2026RS) - [SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-…](https://policyrisk.com/state-bill/MD-SB0148-2026RS) - [SB 0016: Child Support - Earnings Withholdings Limits](https://policyrisk.com/state-bill/MD-SB0016-2026RS) - [HB 0529: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-HB0529-2026RS) - [Maryland bills](https://policyrisk.com/states/maryland/bills) - [Maryland state hub](https://policyrisk.com/states/maryland) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/MD-HB1616-2026RS (as of 2026-10-19).