‘Principal residence’ means, for the purpose of determining the home state of the insured:

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Terms Used In Nevada Revised Statutes 685A.0385

  • Contract: A legal written agreement that becomes binding when signed.

1.  The state where the insured resides for the greatest number of days during a calendar year; or

2.  If the insured’s principal residence is located outside of any state, the state to which the greatest percentage of the insured’s taxable premium for that insurance contract is allocated.