Limitations On Company Name

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.