California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 1.3 - Standards for Approval of Insurer Names
Section 2278.53 - Prohibited Words or Phrases

Universal Citation: 10 CA Code of Regs 2278.53

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) An application for approval of a name may not contain the following words or phrases, either singular or plural, or a derivation of one or more of such words or phrases:

(1) Federal;

(2) United States, U.S., or U.S.A.;

(3) reserve;

(4) Deposit Insurance;

(5) Federal Deposit;

(6) Olympic;

(7) Olympia;

(8) bank;

(9) savings association;

(10) savings;

(11) savings bank, unless (A) the remaining words in the name clearly demonstrate that the applicant will conduct insurance business and not a savings bank business and (B) a "no objection letter" issued by the California Department of Financial Institutions is provided to the Commissioner;

(12) savings and loan association;

(13) building and loan association;

(14) building association;

(15) trust, unless the Applicant is a Multiple Employer Welfare Association;

(16) trustee;

(17) agent;

(18) agency;

(19) society, unless the Applicant is organized, or proposes to be organized as a fraternal benefit society, pursuant to Insurance Code Sections 10970 et seq.;

(b) An application by an Applicant whose primary business is not reinsurance may not contain the words "reinsurer" or "reinsurance."

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.

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