The word "captive" shall be incorporated into the name of every captive insurance company organized under the laws of this state. No captive insurance company shall adopt a name that is the same, deceptively similar or likely to be confused with or mistaken for any other existing business name registered in the state of Kansas.

L. 1988, ch. 156, § 3; L. 1990, ch. 177, § 2; L. 2018, ch. 50, § 38; July 1.