Prohibited terminology.

The following terminology is not present:

(1) The term ‘‘special,’’ unless used in reference to or to designate one or more of the following: a premium payment mode, a premium rating class, a settlement option or options under a policy. This complies with § 89.13(c) (relating to use of certain words and terms).

(2) The term ‘‘deposit,’’ unless used in conjunction with the word ‘‘premium’’ or the payment establishes a debtor-creditor relationship. This complies with § 87.28 (relating to reference to payment as ‘‘deposit’’).

(3) The term ‘‘legal reserve’’, the absence of which complies with Chapter 139 (relating to prohibited phrases).

(4) The term ‘‘franchise’’.

(5) The term ‘‘sponsor,’’ unless used in reference to an entity which pays all or part of the premium or is a pension or welfare plan sponsor under ERISA.