Missouri Captive Insurance Program
What is Captive Insurance
A captive insurance company allows its owners and affiliates the ability to manage risk by leveraging their capital to reduce overall exposure within the market and thereby reducing cost of the services they provide.
Since the enactment of a captive law in 2007, Missouri has become the largest domicile in the mid-west. With an experienced staff, low examination cost, and flexible laws allow the Captive Program of the Missouri Department of Commerce and Insurance the ability to provide the level of regulation needed for nearly any situation. Combine that with some of the world’s largest captive managers, accounting, and actuarial firms calling our state home is why Missouri is on the move in the captive realm.
Steps to Forming a Captive in Missouri
Types of captives and coverages allowed in Missouri
Steps to forming a captive insurance company
Process to redomesticate to Missouri
Missouri captive service providers
- Captive Managers List
- Actuaries List
- Auditors List
- Management Firm Application Form (MO 375-0834)
- Certifying Actuary Approval Form (MO 375-0598)
- Application for Authorization as an Independent CPA for Captive Insurance Business (MO 375-0596)
Please submit all forms via email to:INCaptiveFilings@insurance.mo.gov
Captive insurance company laws and regulations
- Captive insurance company laws: RSMo 379.1300-1351
- Special purpose life reinsurance captive laws: RSMo 379.1353-1421
- 2007 legislation: Senate Bill 215
- 2009 legislation: House Bill 577
- All insurance laws
- Captive regulations
Captive forms
Please submit all forms via email to: INCaptiveFilings@insurance.mo.gov
- Captive Company Application (MO 375-0597)
- Irrevocable Letter of Credit Form (MO 375-0591)
- Captive Premium Tax Return (MO 375-0599)
- Biographical Affidavit (MO 375-0536)
For information on Missouri's Captive Insurance Program, contact:
Sam Komo, Captive Program Manager Missouri DCI
301 W. High St., Suite 530
Jefferson City, MO 65101
Phone: 573-522-9932
Fax: 573-526-2092
Email: Sam.Komo@insurance.mo.gov
ADDITIONAL INFORMATION