California Insurance Code 12402.1 – Every advisory organization shall adopt bylaws or rules and …
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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;
Terms Used In California Insurance Code 12402.1
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Insurance Code 19
- State: means the State of California, unless applied to the different parts of the United States. See California Insurance Code 28
(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.)