Md. Code, Insurance § 8-405
This is the official text of Md. Code, Insurance § 8-405, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§8–405.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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