Residents of the state
Residents of the state includes individuals living in the State, individuals employed in the State, any person to whom the company provided insurance as principal without interruption since such person resided in or was employed in the State, and companies or partnerships incorporated in, organized under the laws of, licensed to do business in, or having an office in the State.
Source
12 CFR § 362.2
Scoping language
For the purposes of this subpart, the following definitions will apply: