Section 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 ,§ 47, eff. 5/14/2019.Enacted by Chapter 251, 2003 General Session.