1.  A membership must not be advertised or offered for sale within this state until the advertisement is approved by the Administrator.

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2.  Each application for the approval of advertising must:

(a) Include the form and content of advertising to be used;

(b) Include the nature of the offer of gifts or other free benefits to be extended; and

(c) Be accompanied by a filing fee of not more than $200, to be established by the Administrator.

3.  The Administrator shall render a decision upon an application for the approval of advertising or an offer for sale within 30 days after the date the application is filed.