Missouri

 
Total number of active captives
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Number of active captives (pure)
53
Number of active captives (group/association)
1
Gross written premium for all captives
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Total number of active captives, prior year
50
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Special purpose financial captives
  • Microcaptives set up using 831(b) regulations*
Number of full-time employees in captive regulatory department
4
Annual fees
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Premium tax rate
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Premiums to surplus
At discretion of regulator.
Minimum capital (broken out by type of captive)

$250,000 single-parent captive; $500,000 industrial insured captive; $500,000 association captive; $250,000 branch captive; $250,000 special-purpose life reinsurance captive; $500,000 sponsored captive.

Applicable Acts/Enabling Legislation
Missouri Statutes Chapter 379, Title XXIV Business and Financial Institutions.
Captive Administrator’s name and longevity in position and also within department
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Time given for application process
30 days or less
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://www.insurance.mo.gov/captive