PARRIS N. GLENDENING, Governor                             Ch. 685

8-405.

[(a) A] EXCEPT AS PROVIDED IN TITLE 2 OF THIS ARTICLE, EVERY society
organized or authorized to transact business under this subtitle is deemed to be a
charitable and benevolent institution [.

(b) The] AND 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.

8-423.

(a) A certificate of authority of a society expires on the first [June 30] JULY 31
after its effective date unless it is renewed as provided in this section:

(d)    (2) If a certificate holder [pays the applicable renewal fee] APPLIES FOR
RENEWAL AND PAYS THE INSURANCE REGULATION FEE UNDER § 2-502 OF THIS
ARTICLE before the certificate of authority expires, the certificate of authority remains in
effect until the Commissioner renews or refuses to renew the certificate of authority.

8-444.

(a) Each society transacting insurance business in the State shall:

(1) file with the Commissioner an annual statement as provided in § 4-116
of this article; AND

(2)     [pay to the Commissioner a fee of $25 for filing the annual statement;
and

(3)] prepare a synopsis of the annual statement that explains the condition of
the society as disclosed by the annual statement.

8-450.

An applicant for a certificate of qualification shall:

(1)     file with the Commissioner on application on the form that the
Commissioner provides; and

(2) pay to the Commissioner [a biennial fee]—THE BIENNIAL FEE
REQUIRED UNDER § 2-112 OF THIS ARTICLE.

8-451.

[(d) The examination fee is $15 for each examination.]
8-456.

(a)     When a society doing business in the State makes or terminates on
appointment of a fraternal benefit-agent, the society immediately shall[:

(1)] file with the Commissioner written notice of the appointment of
termination [; and

(2) pay to the Commissioner the fee required by § 2-112 of this article].

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