31A-37-203. Deceptive name prohibited.
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Effective 5/14/2019
31A-37-203. Deceptive name prohibited.
(1)A captive insurance company may not adopt a name that is:
(a)the same as any other existing business name registered in this state;
(b)deceptively similar to any other existing business name registered in this state; or
(c)likely to be:
(i)confused with any other existing business name registered in this state; or
(ii)mistaken for any other existing business name registered in this state.
(2)An applicant captive insurance company that submits an application for a certificate of authority on or after May 14, 2019, or a captive insurance company that changes its name on or after May 14, 2019, shall include the word "insurance" or a term of equivalent meaning in its name.
Amended by Chapter 193 , 2019 General Session