(a) "Casualty," "surety," "insurance," "mutual" or any other word descriptive of the casualty, insurance or surety business; or
(b) A name deceptively similar to the name or description of any insurance company, surety corporation or other warrantor.
(2) A warrantor may use the word "guaranty" or a similar word in the warrantor’s name. [2007 c.685 §9]