686C.120 - “Resident” defined. - Nevada Statutes

686C.120  “Resident” defined.  “Resident” means any person to whom a contractual obligation is owed and who resides in this state on the date of entry of a court order that determines a member insurer to be impaired or insolvent, whichever determination is first made. A person may be a resident of but one state, which in the case of a person other than a natural person is its principal place of business. A citizen of the United States who is a resident of a foreign country or of a territory or insular possession subject to the jurisdiction of the United States which does not have an association similar to the Association created by this chapter shall be deemed to be a resident of the state of domicile of the insurer that issued the policy or contract.

      (Added to NRS by 1973, 303; A 1991, 871; 2001, 1034)