Fees and Premium Tax Rates

Typical captive company fees

Initial department review and license issue
$7,500
Annual license renewal (April 1)
$7,500

Make checks payable to Missouri DIFP. These fees are fully deductible from subsequent premium tax due.


Actuarial application review fee
$4,000 maximum

Make checks payable to the actuarial review firm assigned by DIFP.


 

Special purpose life reinsurance captive fees

Initial application review fee $10,000
Initial licensing fee
$7,500
Annual license renewal (March 1)
$7,500

Make checks payable to Missouri DIFP. These fees are fully deductible from subsequent premium tax due.


Actuarial application review fee
$8,000 maximum

Make checks payable to the actuarial review firm assigned by DIFP.

 

Missouri captive insurance company premium tax rates

Premium amount
(in millions)
Direct premium
tax rate
Assumed premium
tax rate
 
$0-$20
0.380%
0.214%
 
$20-$40
0.285%
0.143%
 
$40-$60
0.190%
0.048%
 
$60+
0.072%
0.024%
 

Premium tax filings are due Feb. 1; captives under common control may combine.

Taxes due will be certified by DIPF and assessed to the company by March 31. Make checks payable to the Missouri Department of Revenue and remit taxes by May 1.

Minimum premium tax is $7,500; maximum premium tax is $200,000 for combined group.