SLED Opportunity · MARYLAND · MARYLAND
AI Summary
Maryland Insurance Administration seeks quotes for a study on captive insurers' use, regulation, and premium receipts tax, with a final report due by January 1, 2027.
New legislation, 2026 Maryland Laws Ch. 638 (S.B. 890) (the “Act ”), mandates that the Maryland Insurance Administration (MIA), in consultation with relevant stakeholders, study the use, regulation, and taxation of captive insurance companies by entities in the State. The MIA is required to submit a final report detailing its findings and recommendations to the Governor, and, in accordance with § 2-1257 of the State Government Article, the Senate Finance Committee, and the House Health Committee by January 1, 2027.
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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