[§481R-11] Limitations on use of warrantor's name.
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[§481R-11] Limitations on use of warrantor's name.
(a)A warrantor shall not use:
(1)In its name, the word "casualty", "surety", "insurance", or "mutual" or any other word descriptive of the casualty, insurance, or surety business; or
(2)A name deceptively similar to the name or description of any insurance company, surety corporation, or other warrantor.
(b)A warrantor may use the word "guaranty" or a similar word in the warrantor's name. [L 2002, c 237, pt of §1]