19 Pa. Code § 17.10 - Insurance names
(a) In section
1303(c)(1)(iii) of the BCL (relating to corporate name) it is provided that the
name of a business corporation may not imply that the corporation is an
insurance company nor contain the words "annuity," "assurance," "beneficial,"
"bond," "casualty," "endowment," "fidelity," "fraternal," "guaranty,"
"indemnity," "insurance," "insurer," "reassurance," "reinsurance," "surety" or
"title" when used to imply that the corporation is engaged in the business of
writing insurance or reinsurance as principal or other words of like purport
unless it is licensed as an insurance company by its jurisdiction of
incorporation or the Insurance Department certifies to the Department that the
Insurance Department has no objection to the use by the corporation or proposed
corporation of the designation, and that the name of a domestic insurance
corporation shall contain the word "mutual" only if it is a mutual insurance
company.
(b) In section
5303(c)(1)(iii) of the NPCL (relating to corporate name), it is provided that
the name of a nonprofit corporation may not imply that the corporation is an
insurance company of any of the classes which might be incorporated under the
BCL.
Notes
This section cited in 19 Pa. Code § 13.14 (relating to governmental approvals).
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