(a) Unless authorized by the Maryland Insurance Commissioner to engage in the insurance business in the State, a warrantor may not use the following words in its name, contracts, or literature: (1) "Insurance"; (2) "Casualty"; (3) "Surety"; (4) "Mutual"; or (5) Any other words that are: (i) Descriptive of the insurance, casualty, or surety business; or (ii) Deceptively similar to the name or description of an insurer, a surety corporation, or another warrantor. (b) A warrantor may use the term "guaranty" or a similar word in the warrantor's name.
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