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. |
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