SECTION 79.33. False Implication of Governmental Affiliation; False Implication of Purpose

(a) The entity name may not be one that might falsely imply governmental affiliation (example: Texas Real Estate Commission, Inc.).

(b) The entity name may not imply a purpose that would be unlawful for the entity to conduct.

(1) The words "insurance" or "surety" must be accompanied by other words that remove the implication that the entity purpose is to be an insurer. The name may include the phrase "insurance agency, "insurance agent," "surety agency," or "surety agent."

(A) Example: John Hancock Insurance Company or A-1 Surety Company would not be filed.

(B) Example: John Hancock Insurance Agency, Inc. or A-1 Surety Agents, Company would be filed.

(2) The words "bail bond" imply an unlawful purpose as entities with these powers must be organized under the Texas Insurance Code and these words may not be used in the name of a business entity. Example: Ace Bail Bonds, Inc. would not be filed.

Source Note: The provisions of this §79.33 adopted to be effective June 1, 2018, 43 TexReg 3341