A health care collaborative that is not an insurer or health maintenance organization may not use in its name, contracts, or literature:
(1) the following words or initials:
(A) "insurance";
(B) "casualty";
(C) "surety";
(D) "mutual";
(E) "health maintenance organization"; or
(F) "HMO"; or
(2) any other words or initials that are:
(A) descriptive of the insurance, casualty, surety, or health maintenance organization business; or
(B) deceptively similar to the name or description of an insurer, surety corporation, or health maintenance organization engaging in business in this state.