What criteria does CDI look at when reviewing a business entity application for approval?
CDI follows the following steps when reviewing a proposed name for approval: • When a business entity application form LIC 441-11 is received, CDI reviews the application to determine if there is any other business (amounting to 80 percent or more) being conducted by the applicant. • If the business entity is performing other work more than 80 percent of the time, CDI determines if the business type meets one of four exemptions. If the business entity meets an exemption, the name is approved. • If the business entity does not meet one of the four exemptions, CDI checks to determine if the word “Insurance” is included in the proposed name. • If the word “Insurance” is in the name, CDI then checks to make sure one of the six definitive words (“Agency,” “Services,” “Marketing,” “Sales”, “Center” or “Solutions”) is also included in the name. • If one of the six definitive words is present, CDI then checks to see if any prohibited words are included in the proposed name. • If the proposed n
