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