---
type: "Bill"
title: "Mutual Insurance Holding Companies - Conversion to Mutual Insurers"
description: "Mutual Insurance Holding Companies - Conversion to Mutual Insurers"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2026"
identifier: "SB 982"
citation: "Maryland SB 982 (2026)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["McCray"]
version_count: 3
action_count: 14
vote_count: 2
first_action: "2026-02-15"
last_action: "2026-05-26"
source: "openstates"
source_identifier: "ocd-bill/a52a57c1-fc3b-41f8-8468-a1f777e87c60"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0982?ys=2026RS"
source_hash: "7bd40d20b005002186783b0d16b894cbdd674b60bd2f76ea8ccd51297caa8b0b"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-md"]
---

# Maryland SB 982 (2026) — Mutual Insurance Holding Companies - Conversion to Mutual Insurers

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Chapter - Mutual Insurance Holding Companies - Conversion to Mutual Insurers** (committee substitute) — [source](http://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_687_sb0982t.pdf)
2. **First - Mutual Insurance Holding Companies - Conversion to Mutual Insurers** (committee substitute) — [source](http://mgaleg.maryland.gov/2026RS/bills/sb/sb0982f.pdf)
3. **Third - Mutual Insurance Holding Companies - Conversion to Mutual Insurers** (committee substitute) — [source](http://mgaleg.maryland.gov/2026RS/bills/sb/sb0982t.pdf)

## Votes

- On Third Reading — **43–0** (pass) · upper
- On Third Reading — **132–0** (pass) · lower

## Sponsors

- McCray — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2026-02-15** First Reading Senate Rules `referral-committee`
- **2026-03-20** Rereferred to Finance
- **2026-03-23** Hearing 3/26 at 1:00 p.m.
- **2026-04-06** Favorable Report by Finance `committee-passage-favorable`
- **2026-04-07** Favorable Adopted `committee-passage-favorable`
- **2026-04-07** Second Reading Passed
- **2026-04-08** Third Reading Passed `passage`
- **2026-04-08** Referred Rules and Executive Nominations `referral-committee`
- **2026-04-09** Rereferred to Judiciary
- **2026-04-11** Favorable Report by Judiciary `committee-passage-favorable`
- **2026-04-11** Favorable Adopted Second Reading Passed `committee-passage-favorable`
- **2026-04-13** Third Reading Passed `passage`
- **2026-04-13** Returned Passed
- **2026-05-26** Approved by the Governor - Chapter 687 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a52a57c1-fc3b-41f8-8468-a1f777e87c60`. Confidence: reported (aggregated from official Maryland legislature records).