What is the definition of 'home state' for an insurance producer or surplus lines producer?

The definition of 'home state' for an insurance producer or surplus lines producer is articulated in section 601-A of 'The Insurance Department Act of 1921.' This definition is particularly important as it establishes the primary location where the producer is licensed to conduct insurance business and is subject to the state's insurance regulations.

Section 601-A specifically outlines the criteria that determine a producer's home state, which usually includes the state where the producer maintains their principal place of business or the state where they reside. Understanding this definition is crucial for producers as it impacts their licensing requirements, compliance with state laws, and their ability to operate within the surplus lines market.

The references to state regulations or federal law do not specifically address the definition of 'home state' in a manner as comprehensive as section 601-A. Similarly, local county ordinances vary greatly and do not have a standardized definition applicable at the state level. Therefore, the clarity and specificity provided in the Pennsylvania statute make it the correct source for understanding what 'home state' means within the context of insurance production in Pennsylvania.