Md. Code, Insurance § 8-405

Md. Code, Insurance § 8-405
in effect
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(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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin&section=8-405&enactments=falseFetched: 10/17/2026

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