SENATE BILL 890 CAPTIVE INSURERS - PREMIUM RECEIPTS TAX STUDY

Agency: State Government of Maryland
State: Maryland
Type of Government: State & Local
Posted Date: Jul 20, 2026
Due Date: Jul 30, 2026
Solicitation No: BPM058029
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Description

ID: BPM058029
Title: SENATE BILL 890 CAPTIVE INSURERS - PREMIUM RECEIPTS TAX STUDY
Status: Open
Due / Close Date: 7/30/2026
Publish Date: 7/20/2026 11:00:27 AM
Main Category: Management and Business Professionals and Administrative Services
Solicitation Type: Request for Quote
Issuing Agency: Maryland Insurance Administration

Solicitation Summary
Title
SENATE BILL 890 CAPTIVE INSURERS - PREMIUM RECEIPTS TAX STUDY
ID
BPM058029
Alternate ID
MIA- SB890 -27-0001
Lot #
1
Round #
1
Status
Open
Due / Close Date (EST)
Jul 30 2026 4:00PM
Solicitation Type
Request for Quote
Main Category
Management and Business Professionals and Administrative Services
Issuing Agency
Maryland Insurance Administration
Procurement Officer / Buyer
Anthonia CHUKU
Email
anthonia.chuku3@maryland.gov
Solicitation Summary

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.

Additional Instructions
Project Cost Class
Pre-Bid Conference Information
Pre-Bid Conference Date (EST)
Pre-Bid Conference Details
Small Business Reserve Designation
No

Procurement Program Participation Goals

VSBE Participation (%)
MBE Participation (%)
African American MBE Participation (%)
Asian American MBE Participation (%)
Hispanic American MBE Participation (%)
Women-Owned MBE Participation (%)
DBE Participation (%)
SBE Participation (%)
Socio Economic Participation Criteria
Procurement Officer / Buyer
Anthonia CHUKU
Alternate Link
Attachments
Selected
Title Type Att. Last Modified on UTC-4 Creation Date UTC-4 Validity End Date
Scope of Work - SENATE BILL 890 CAPTIVE INSURERS - PREMIUM RECEIPTS TAX STUDY Technical Documents (Approved) 7/20/2026 10:56:27 AM 1
Attachment B1 - Financial Proposal Form Technical Documents (Approved) 7/20/2026 10:58:20 AM 1
2 Record(s)
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