Active Members shall be limited to any individual, sole proprietorship, partnership, or other business entity who 1.) directly, legally, and regularly engages in the business of abstracting or insuring titles as a title insurance agent or title insurance underwriter; 2.) having subscribed to the Code of Ethics of this Association; 3.) having agreed to be governed by the By-Laws of this Association and 4.) if engaged in the business of insuring title to real estate shall be and remain in good standing with the Insurance Commissioner of the State of Wisconsin and shall have in force at all times a certificate of authority pursuant to Section 601.04 Wisconsin Statutes.