Texas Occupations Code 1304.160 – Limitations On Provider Name
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(a) A provider 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 provider.
(b) A provider may include in its name “guaranty” or a similar word.
Terms Used In Texas Occupations Code 1304.160
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(c) This section does not apply to a provider that, before September 1, 1999, included a word prohibited under this section in its name. A provider described by this subsection must include in each service contract a statement substantially similar to the following: “This agreement is not an insurance contract.”