New Mexico Statutes 59A-58-13. Business name restrictions
A. Except as otherwise provided in this section, a provider shall not include in the name of his business:
Terms Used In New Mexico Statutes 59A-58-13
- Contract: A legal written agreement that becomes binding when signed.
(1) the words “insurance”, “casualty”, “surety”, “mutual” or any other word or term that implies that he is engaged in the business of transacting insurance or is a surety company; or
(2) a name that is deceptively similar to the name or description of an insurer or surety company or the name of another provider.
B. A provider may include the word “guaranty” or a similar word in the name of his business.
C. This section does not apply to a provider who, before January 1, 2002, includes in the name of his business a name that does not comply with the provisions of Subsection A of this section. Such a provider shall include in each service contract he issues, sells or offers for sale a statement that the service contract is not a contract of insurance.