Section 605-A of the act (40 P.S. § 310.5) provides that an applicant with a principal place of business or residence within this Commonwealth may apply for a resident insurance producer license and, conversely, an applicant with a principal place of business or residence outside this Commonwealth may apply for a nonresident insurance producer license. However, the act fails to define the terms "principal place of business" or "principal place of residence." Therefore, for purposes of determining principal place of business and principal place of residence, the department will interpret the following terms as set forth to be applied throughout the act.
Principal place of business-The single location where an applicant or a licensee physically spends the majority of the applicant's or licensee's time conducting the business of insurance.
Principal place of residence-The location where an applicant or a licensee occupies a home for at least 183 days of the calendar year.
31 Pa. Code § 37a.2