The provisions of this article shall not apply to:
(a) Insurance companies which pay the State a tax upon premiums;
(b) Mutual savings banks not having a capital stock represented by shares and nonprofit mutual building and loan associations operated for the exclusive benefit of their members;
(c) Nonprofit cemetery companies organized and operated for the exclusive benefit of their members;
(d) Societies, organizations and associations organized and operated for the exclusive benefit of their members and not for profit;
(e) Corporations, associations and societies organized and operated exclusively for religious and charitable purposes.
(1968 Code Sec. 24-15)