Section 2278.53 - Prohibited Words or Phrases(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: (2) United States, U.S., or U.S.A.;(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;(19) society, unless the Applicant is organized, or proposes to be organized as a fraternal benefit society, pursuant to Insurance Code Sections 10970et seq.;(b) An application by an Applicant whose primary business is not reinsurance may not contain the words "reinsurer" or "reinsurance."Cal. Code Regs. Tit. 10, § 2278.53
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.
1. New section filed 10-11-2010; operative 11-10-2010 (Register 2010, No. 42).