NRS 685A.034
“Home state” defined.

“Home state” means:

1.

For an insured:

(a)

The state in which the insured maintains its principal place of business or, in the case of an individual, the individual’s principal residence; or

(b)

If 100 percent of the insured risk is located outside of the state determined pursuant to paragraph (a), the state to which the greatest percentage of the insured’s taxable premium for that insurance contract is allocated.

2.

If more than one insured from an affiliated group is a named insured on a single nonadmitted insurance contract, the state determined pursuant to paragraph (a) of subsection 1 for the member of the affiliated group that has the largest percentage of premium attributed to it under the nonadmitted insurance contract.

3.

For a policy of group insurance:

(a)

If the group policyholder pays 100 percent of the premium from its own funds, the state determined pursuant to paragraph (a) of subsection 1 for the group policyholder.

(b)

If the group policyholder does not pay 100 percent of the premium from its own funds, the state determined pursuant to paragraph (a) of subsection 1 for the group member.

Source: Section 685A.034 — “Home state” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-685A.­html#NRS685ASec034.

685A.010
Short title. 685A.020
Exemptions. 685A.025
Applicability. 685A.030
Definitions. 685A.031
“Broker” defined. 685A.032
“Exempt commercial purchaser” defined. 685A.033
“Export” defined. 685A.034
“Home state” defined. 685A.035
“Independently procured insurance” defined. 685A.036
“Multi-state risk” defined. 685A.037
“Nonadmitted insurance” defined. 685A.038
“Principal place of business” defined. 685A.039
“Surplus lines insurance” defined. 685A.040
Conditions for export. 685A.050
Broker’s report. 685A.060
Open lines for export. 685A.070
Eligible insurers. 685A.072
Domestic surplus lines insurer: Designation 685A.075
Nonprofit organization of brokers: Formation 685A.077
Immunity from civil liability given to Commissioner, Division and nonprofit organizations for certain acts 685A.080
Evidence of insurance 685A.090
Contracts for nonadmitted coverage: Requirements. 685A.100
Coverage from unauthorized insurer valid. 685A.110
Liability of insurer. 685A.120
Licensing of brokers 685A.127
Payment of child support: Statement by applicant for license 685A.133
Suspension of license for failure to pay child support or comply with certain subpoenas or warrants 685A.140
Suspension or revocation of broker’s license. 685A.150
Broker may accept business from licensed producer of insurance 685A.155
Licensed surplus lines broker may charge fee for procuring coverage 685A.160
Records of broker. 685A.175
Quarterly report and payment of tax by certain brokers. 685A.180
Tax on surplus lines. 685A.185
Multi-state agreement to collect premium tax on multi-state risks. 685A.190
Failure to file statement or pay tax 685A.200
Suit against insurers 685A.205
Regulations: Compliance with federal law relating to nonadmitted insurance. 685A.210
Regulations 685A.220
Applicability of other provisions. 685A.0315
“Domestic surplus lines insurer” defined. 685A.0375
“Nonadmitted insurer” defined. 685A.0385
“Principal residence” defined.
Last Updated

Jun. 24, 2021

§ 685A.034’s source at nv​.us