325

(1) Every insurer shall conduct its business in its own proper or corporate name, except as provided in subsection (2) hereof or in § 1122(1) of this title (underwriter’s department).(2) No insurer shall be authorized to transact insurance in Puerto Rico which has or uses a name so similar to that of any insurer already so authorized as to cause uncertainty or confusion, except that in case of conflict of names between two insurers the Commissioner may permit or require one of the insurers to use in Puerto Rico such supplementation of its name as may reasonably be necessary to avoid such conflict.(3) No insurer shall be authorized to transact insurance in Puerto Rico which has or uses a name which tends to deceive or mislead as to the type of organization of the insurer. History —Ins. Code § 3.250.