The state in which the insured or proposed insured resides. It is not unusual for a given insurance company to be licensed to conduct business in some states and not in others. If an insurance company is not licensed to do business in a particular state, the company may not offer any of its products in that state. If an insurance company is licensed to do business in a particular state, each of the company’s products must be individually approved for sale in that state. It is not unusual for a given insurance company to have products that are approved for sale in one state and not approved for sale in others.
