Sec. 953.160. LIMITATIONS ON COMPANY NAME. (a) A company 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 company.
(b) This section does not apply to a company that, before September 1, 2003, included a word prohibited under this section in its name. A company described by this subsection must include in each legal service contract a statement substantially similar to the following: "This agreement is not an insurance contract."
Added by Acts 2003, 78th Leg., ch. 1181, Sec. 1, eff. Sept. 1, 2003.
Structure Texas Statutes
Title 5 - Regulation of Financial and Legal Services
Chapter 953 - Regulation of For-Profit Legal Service Contract Companies
Subchapter D. Practice by Legal Service Contract Companies
Section 953.151. Company Requirements
Section 953.152. Group Legal Service Contracts
Section 953.153. Contracting Attorney Requirements
Section 953.154. Company Interference With Attorney's Duties Prohibited
Section 953.156. Form of Legal Service Contract and Required Disclosures
Section 953.157. Terminating a Legal Service Contract
Section 953.158. Voiding a Legal Service Contract
Section 953.159. Canceling a Legal Service Contract
Section 953.160. Limitations on Company Name
Section 953.161. Misleading Statements Prohibited
Section 953.162. Appointment and Responsibilities of Administrator