An incorporated society, order, or supreme lodge without capital stock is deemed to be a fraternal benefit society if it: is conducted solely for the benefit of its members and their beneficiaries; is not conducted for profit; is operated on a lodge system with ritualistic form of work; has a representative form of government; and provides for benefits to be paid in accordance with this subtitle. An incorporated or unincorporated society, order, or supreme lodge without capital stock that is exempted under § 8-404(a)(2) of this subtitle is deemed to be a fraternal benefit society. A society is deemed to be operating on a lodge system if it operates under a system by which the society: has a supreme legislative or governing body and subordinate lodges or branches, by whatever name known; by its laws, requires the subordinate lodges or branches to hold regular meetings at least once each month in furtherance of the purposes of the society; and elects, initiates, or admits members in accordance with its laws, rituals, and rules. A society is deemed to have a representative form of government if: the society provides in its laws for a supreme legislative or governing body composed of: representatives elected by the members of the society or by delegates elected directly or indirectly by the members; and any other individuals required by the laws of the society; election of delegates may be accomplished by mail; the elected representatives of the society: are a majority of the supreme legislative or governing body; have at least two-thirds of the votes; and have at least the number of votes required to amend the laws of the society; at least once every 4 years: the supreme legislative or governing body of the society meets; and officers, representatives, or delegates of the society are elected; each insured member is eligible for election to act or serve as a delegate to the meeting; the society has a board of directors that: is responsible for the management of the affairs of the society between meetings of the supreme legislative or governing body; is subject to control by the supreme legislative or governing body; except when a vacancy is filled between meetings of the supreme legislative or governing body, is elected by the supreme legislative or governing body; and has powers and duties delegated by the laws of the society; the officers of the society are elected by the supreme legislative or governing body or by the board of directors; and the members, officers, representatives, or delegates of the society may not vote by proxy; or the society provides in its laws for a supreme legislative or governing body composed of: a board composed of individuals elected by the members, either directly or by their representatives in intermediate assemblies; and any other individuals required by the laws of the society; election of the board may be accomplished by mail; the term of an elected board member may not exceed 4 years; the individuals elected to the board: are a majority of the board; and have at least the number of votes required to amend the laws of the society; vacancies on the board between elections are filled as prescribed by the laws of the society; an individual filling the unexpired term of an elected board member is considered to be an elected member; and the board meets at least quarterly to conduct the business of the society.