# Insurance (GIN)

## Title 8. Entities That Act as Insurers

### Subtitle 4. Fraternal Benefit Societies

#### Section 8-412

(a) The incorporators shall file with the Commissioner:

  (1) the articles of incorporation of the society;

  (2) certified copies of the society's laws and rules;

  (3) copies of all proposed:

    (i) forms of certificates;

    (ii) applications for certificates; and

    (iii) circulars to be issued by the society; and

  (4) a bond conditioned on the return to applicants of advance premiums if the organization of the society is not completed within 1 year.

(b) The Commissioner may require any additional information that the Commissioner considers necessary.

(c) The bond required under subsection (a) of this section must:

  (1) be issued by a surety insurer approved by the Commissioner; and

  (2) be in the amount required by the Commissioner, but not less than $300,000 nor more than $1,500,000.

(d) Each document filed shall be in the English language.

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