§ 8–405
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 8-405 (2026)
Title 8. Entities That Act as Insurers
Subtitle 4. Fraternal Benefit Societies
§ 8–405LinkCopy Citation
(a)
A society organized or authorized to transact business under this subtitle is deemed to be a charitable and benevolent institution.
(b)
The funds of a society organized or authorized to transact business under this subtitle are exempt from all taxes, except taxes on real estate and office equipment.