Ins. Code, § 12402.1 · Article 5.7. Advisory Organizations
Ins. Code, § 12402.1
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
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.
Notes and commentary — not statutory text
History
Added by Stats. 1973, Ch. 1130.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=12402.1.
- Text hash
- sha256 4bb6f7b985ab9feb657f220b6b7ac74cb1eb66f8e4d0e3c8cb517499ad548807
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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