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

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

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

      1. (A) Example: John Hancock Insurance Company would not be filed.
      2. (B) Example: John Hancock Insurance Agency, Inc., would be filed.

   2. (2) The words "bail bond" and "surety" 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.

      1. (A) Example: Ace Bail Bonds, Inc.
      2. (B) Example: A-1 Surety Company.

Source Note:The provisions of this §79.32 adopted to be effective January 1, 1976; amended to be effective September 15, 1981, 6 TexReg 3249; amended to be effective January 2, 1992, 16 TexReg 7469.