Md. Code, Insurance § 8-418
This is the official text of Md. Code, Insurance § 8-418, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§8–418.
Official statutory text
(a) A society may adopt and amend laws to:
(1) govern the society;
(2) admit society members;
(3) manage society affairs; and
(4) fix and readjust the rates of society members.
(b) (1) The laws of the society may provide that subordinate lodges or branches and their officers and members may not waive any provisions of the laws of the society.
(2) A provision adopted in accordance with this subsection is binding on the society and each member and beneficiary of a member.
(c) Except as prohibited by this subtitle, a society has any other power necessary and incidental to accomplish the purposes for which it is established.
(1) govern the society;
(2) admit society members;
(3) manage society affairs; and
(4) fix and readjust the rates of society members.
(b) (1) The laws of the society may provide that subordinate lodges or branches and their officers and members may not waive any provisions of the laws of the society.
(2) A provision adopted in accordance with this subsection is binding on the society and each member and beneficiary of a member.
(c) Except as prohibited by this subtitle, a society has any other power necessary and incidental to accomplish the purposes for which it is established.
Status: in_force · Read it on the official government site
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