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SB 690

Did not advanceCrossfile HB 1189
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Property and Casualty Insurance - Distribution of Premium Tax Proceeds to State Disaster Recovery Fund

Sponsor: Mike McKay (District 1)Committee: Budget and TaxationSubject: Insurance - Other than HealthStatus: Hearing 3/04 at 1:00 p.m. (as of Sep 4, 2026)

What this bill does

Official synopsis

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.

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Testimony (9)

MGA witness list
FAV 6FavorableUNF 3Unfavorable
PositionWitnessOrganizationTestimony
FAVBennett, JasonAllegany County CommissionersOral
FAVEmrick, PreetiAnne Arundel OEMOral + Written (PDF)
FAVKinnally, KevinMaryland Association of Counties (MACo)Oral + Written (PDF)
FAVCreadick, Jr., Hon. Wayne S.N/AOral
FAVMcKay, MikeIndividualWritten (PDF)
FAVSenator McKay, Senator McKaylegislatorIndividualOral
UNFPopham, BrysonlobbyistBryson F. Popham, P.A.Written (PDF)
UNFPhillips, DanaDepartment of Budget and ManagementWritten (PDF)
UNFLerol, TravisTravis LerolPosition only

Organizations on record

Registered lobbyists who testified

UNFPopham, BrysonBryson F. Popham, P.A.Registered for: Agency Insurance Company of Maryland; Agency Services, Inc.; Army Alliance; Bryson F. Popham P.A.; Building Owners and Managers Association of Greater Baltimore (BOMA); CVS Health