ARTICLE 5.7. Advisory Organizations [12402. - 12402.2.]

Cal. Insurance Code - INS 5.7.
in effect

Cal. Insurance Code - INS § 12402. Section 12402.

No advisory organization shall conduct its operations in this state without first filing with the commissioner: (a) a copy of its constitution, articles of agreement or association or certificate of incorporation, and of its bylaws, rules, and regulations governing the conduct of its business; (b) a list of its members; (c) the name and address of a resident of this state upon whom notices or orders of the commissioner or process affecting such advisory organization may be served.

Cal. Insurance Code - INS § 12402.1. Section 12402.1.

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.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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