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Delegate Mike Rogers urges bill to let converted insurers revert to mutual ownership
Summary
At a March 20 House Judiciary Committee hearing, Delegate Mike Rogers and Baltimore Life representatives supported HB1616, which would let mutual insurance holding companies that retained 100% of their stock revert to a single mutual insurer under safeguards and Maryland Insurance Commissioner review.
March 20, 2026 — The House Judiciary Committee heard testimony Wednesday on HB1616, a bill that would allow certain mutual insurance holding companies that have retained 100% ownership of a subsidiary’s stock to convert back to a single mutual insurer.
Sponsor Delegate Mike Rogers said the measure restores flexibility for companies that converted under Maryland’s 2000 Mutual Insurance Holding Companies Act and that it preserves policyholder control when outside investors have not purchased stock. "I respectfully request a favorable report of house bill 16 16," Rogers said.
The bill would add a statutory process allowing a mutual insurance holding company that directly or indirectly…
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