<?xml version='1.0' encoding='utf-8'?>
<section article="gin" article_name="Insurance" number="8-405" title_number="8" title_name="Entities That Act as Insurers" subtitle_number="4" subtitle_name="Fraternal Benefit Societies">
  <level label="a">
    <text>A society organized or authorized to transact business under this subtitle is deemed to be a charitable and benevolent institution.</text>
  </level>
  <level label="b">
    <text>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.</text>
  </level>
</section>
