Sec. 953.160. LIMITATIONS ON COMPANY NAME. (a) A company may not use a name that:
(1) includes "insurance," "casualty," "surety," or "mutual" or any other word descriptive of the insurance, casualty, or surety business; or
(2) is deceptively similar to the name or description of an insurance or surety corporation or to the name of any other company.
(b) This section does not apply to a company that, before September 1, 2003, included a word prohibited under this section in its name. A company described by this subsection must include in each legal service contract a statement substantially similar to the following: "This agreement is not an insurance contract."
Added by Acts 2003, 78th Leg., ch. 1181, Sec. 1, eff. Sept. 1, 2003.
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