{"data":{"id":"us-md/md.-code-insurance-8-405","jurisdiction":"us-md","citation":"Md. Code, Insurance § 8–405","heading":"","body":"(a) A society organized or authorized to transact business under this subtitle is deemed to be a charitable and benevolent institution.\n(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.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=8-405","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"d31e8079edda87aa603222a441ae0d42d40ddf8b3de609843db3d18f90c161d9","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-8-404","next":"us-md/md.-code-insurance-8-406"},"notice":"GroundRules: Original legal text. Not legal advice."}