### Question
How does INSURANCE define principal place of business?


### Answer
Under *15 U.S.C. § 6764*, **principal place of business** is defined as:

> the State in which an insurance producer maintains the headquarters of the insurance producer and, in the case of a business entity, where high-level officers of the entity direct, control, and coordinate the business activities of the business entity

#### Citation:
  - *15 U.S.C. § 6764*
  - Heading: **CHAPTER 93-INSURANCE > SUBCHAPTER III-NATIONAL ASSOCIATION OF REGISTERED AGENTS AND BROKERS**

