Fuchs called a partially-ordered integral domain, say D, division closed if it has the property that whenever a > 0 and ab > 0, then b > 0. He showed that if D is a lattice-ordered division closed field, then D is totally ordered. In fact, it is known that for a lattice-ordered division ring, the following three conditions are equivalent: a) squares are positive, b) the order is total, and c) the ring is division closed. In the present article, our aim is to study l-rings that possibly possess zero-divisors and focus on a natural generalization of the property of being division closed, what we call regular division closed. Our investigations lead us to the concept of a positive separating element in an l-ring, which is related to the well-known concept of a positive d-element.