Admission Surplus Requirements and Fees
| Line | Capital | Surplus |
|---|---|---|
| Life | $600,000 | $600,000 |
| Fire | $800,000 | $800,000 |
| Casualty | $800,000 | $800,000 |
| Multiple Line | $1,200,000 | $1,200,000 |
| Lines | Total Surplus Funds |
|---|---|
| Life | $1,200,000 |
| Fire | $1,600,000 |
| Casualty | $1,600,000 |
| Multiple Line | $2,400,000 |
| 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 |
| Type of Filing | Fee |
|---|---|
| Filing Charter and Articles of Incorporation |
$50.00 |
| Annual Statement | $50.00 |
| Filing other reports | $50.00 |
| Certificate of authority | $50.00 |
| Affixing Seal | $10.00 |
| TOTAL | $160.00 |
| Life Company Filing | Fee |
|---|---|
| Annual Renewal Fee | $1,500.00 |
| P&C Company Filing | Fee |
|---|---|
| Annual Renewal Fee | $1,500.00 |
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.