Every advisory organization shall adopt bylaws or rules and regulations which will:
(a) Permit any person or entity in the business of title insurance in this state to become a member at a reasonable cost and without discrimination;
(b) Permit any member to withdraw at any time upon written notice;
(c) Prohibit any act or agreement by which any person or entity is restrained from lawfully engaging in the business of title insurance in this state;
(d) Require that the commissioner be given prompt notification of every change in any of the items described in subdivisions (a), (b), and (c) of Section 12402.
(Added by Stats. 1973, Ch. 1130.)
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