§ 14-4A-09

Maryland § 14-4A-09

• Jurisdiction: Maryland
• Article gcl: Commercial Law
• Title: 14

Text

(a) Unless authorized by the Maryland Insurance Commissioner to engage in the insurance business in the State, a warrantor may not use the following words in its name, contracts, or literature:

(1) “Insurance”;

(2) “Casualty”;

(3) “Surety”;

(4) “Mutual”; or

(5) Any other words that are:

(i) Descriptive of the insurance, casualty, or surety business; or

(ii) Deceptively similar to the name or description of an insurer, a surety corporation, or another warrantor.

(b) A warrantor may use the term “guaranty” or a similar word in the warrantor’s name.