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.