Requirements For Admission To Missouri
For Stock Companies
| Line |
Capital |
Surplus |
| Life |
$600,000 |
$600,000 |
| Multi-Line Casualty |
$1,200,000 |
$1,200,000 |
| Single-Line Casualty |
$800,000 |
$800,000 |
| Multiple Line |
$1,200,000 |
$1,200,000 |
| Health Maintenance Organization |
See 354.410.6
|
|
Requirements For Admission To Missouri
For Mutual Companies
| Lines |
Total Surplus Funds |
| Life |
$1,200,000 |
| Fire |
$1,600,000 |
| Casualty |
$1,600,000 |
| Multiple Line |
$2,400,000 |
Deposit in Domiciliary State
| Line |
Deposit |
Valuation |
| Life |
$600,000 |
Market Value |
| Fire |
$800,000 |
Market Value |
| Casualty |
$800,000 |
Market Value |
| Multiple Line |
$1,200,000 |
Market Value |
Admission Fees
| TOTAL |
$1,000.00 |
Annual Renewal Fees—Life
| Life Company Filing |
Fee |
| Annual Renewal Fee |
$2,000.00 |
Annual Renewal Fees—P & C
| P&C Company Filing |
Fee |
| Annual Renewal Fee |
$2,000.00 |
Missouri Premium Tax is 2%. Worker's Compensation Tax is 2%
In addition to the basic capital and surplus requirements, we have a law
that a company must show that the officers and operating personnel of the
company are competent and trustworthy to transact the business of insurance
in this state and that the transaction of business in this state would not
be hazardous to the public.
ALL CHARGES SUBJECT TO RETALIATORY LAWS.
