# Insurance (GIN)

## Title 8. Entities That Act as Insurers

### Subtitle 4. Fraternal Benefit Societies

#### Section 8-405

(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.

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Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)