Section 2278.54 - Required Words or Phrases(a) A proposed name for an Applicant that is, or will be, an insurer must include one of the following words: "Assurance," "Casualty," "Indemnity," or "Insurance."(b) A proposed name for an Applicant that is, or will be, admitted to write life insurance must include the word "Life."(c) A proposed name for an Applicant that is, or will be, organized as a stock company must indicate that the Applicant is a stock company. The name may use the word "Company" for this purpose.(d) A proposed name for an Applicant that is, or will be, organized as a mutual insurance company must include the word "Mutual."(e) A proposed name for an Applicant that is organized as a reciprocal insurer or an interinsurance exchange, must include the words "Interinsurance Exchange, "Exchange," or "Reciprocal."(f) A proposed name for an Applicant that is, or will be, an underwritten title company or title insurer must include the word "Title."(g) A proposed name for an Applicant that writes, or will write, mortgage insurance or mortgage guaranty insurance must include the words "mortgage" or "mortgage guaranty," as applicable.(h) A proposed name of an Applicant that is, or will be, a motor club must include the word "Club" and the words "Motor," "Auto," or "Automobile."(i) A proposed name for an Applicant that is the United States branch of an alien insurer must include the words "United States Branch" or "U.S. Branch."(j) A proposed name for an Applicant that is a Multiple Employer Welfare Association must include the word "Trust."Cal. Code Regs. Tit. 10, § 2278.54
1. New section filed 10-11-2010; operative 11-10-2010 (Register 2010, No. 42). Note: Authority cited: Sections 700, 720 and 790.10, Insurance Code; CalFarm Ins. Co. v. Deukmejian, (1989) 48 Cal.3d 805; and 20th Century Ins. Co. v. Garamendi, (1994) 8 Cal. 4th 216. Reference: Sections 742.42, 790.02, 790.03, 880, 881, 881.1, 881.2, 881.5, 882, 882.5, 883, 10970, 12162, 12389 and 12743, Insurance Code.
1. New section filed 10-11-2010; operative 11-10-2010 (Register 2010, No. 42).