Section 882.5 Of Article 9. Registration Of Insurers’ Names From California Insurance Code >> Division 1. >> Part 2. >> Chapter 1. >> Article 9.
882.5
. (a) A home protection company proposing to issue a contract
bearing the name of itself as well as another name which is the name
of a person, persons, or organization of persons licensed pursuant to
Part 1 (commencing with Section 10000) of Division 4 of the Business
and Professions Code, or a franchised name therefor, shall first
file an application with the commissioner for approval of the other
name. The commissioner may reject any name so submitted when it is an
interference with, or too similar to, one already appropriated or
when it is likely to mislead the public in any respect. However, the
name shall not be rejected, except pursuant to subdivision (b), if
the name was used by the same entity for a similar offering in this
state prior to May 3, 1978. In case of any rejection of a name
pursuant to this subdivision, the application may be amended to
submit another or other names.
(b) No such name shall be approved unless all power to transact
home protection business (except as authorized in Section 771.1) and
other powers specified by the commissioner by regulation, are
specifically retained by the home protection company and the home
protection contracts prominently disclose that fact.
The commissioner, pursuant to Chapter 3.5 (commencing with Section
11340) of Part 1 of Division 3 of Title 2 of the Government Code,
may adopt reasonable regulations to implement this section.