(a) An incorporated society authorized to transact insurance business in the State on December 31, 1963, may exercise all the rights, powers, and privileges prescribed in this subtitle and in the charter or articles of incorporation of the society to the extent consistent with this subtitle.
(b) A domestic society is not required to reincorporate.
Structure Maryland Statutes
Title 8 - Entities That Act as Insurers
Subtitle 4 - Fraternal Benefit Societies
Part I - Definitions; General Provisions
Section 8-402 - Society Deemed Fraternal Benefit Society
Section 8-403 - Application of Subtitle and Other Insurance Laws
Section 8-404 - Exempted Societies
Section 8-405 - Taxation of Societies
Section 8-406 - Retention of Powers by Existing Incorporated Societies