Md. Code, Ins. § 8-405 : INSURANCE — ENTITIES THAT ACT AS INSURERS — FRATERNAL BENEFIT SOCIETIES — DEFINITIONS; GENERAL PROVISIONS —405 - Taxation of societies

(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.

Md. Code, IN § 8-405

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