The Carrier | August 14, 2026

Nonadmitted and Reinsurance Reform Act (NRRA) Home State Definition:

In General, except as provided in subparagraph (B), the term ''home State'' means, with respect to an insured:

• the State in which an insured maintains its principal place of business or, in the case of an individual, the individual's principal residence; or

• if 100 percent of the insured risk is located out of the State referred to in clause (i), the State to which the greatest percentage of the insured's taxable premium for that insurance contract is allocated.

Affiliated Groups: If more than 1 insured from an affiliated group are named insureds on a single nonadmitted insurance contract, the term ''home State'' means the home State, as determined pursuant to subparagraph (A), of the member of the affiliated group that has the largest percentage of premium attributed to it under such insurance contract. 15 U.S.C. § 8206(6).