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.
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