Missouri Revised Statutes
Chapter 384 - Surplus Lines Insurance
Section 384.059 - Premium tax applicable to surplus lines, rate, payment — broker may charge tax to insured.

Effective - 28 Aug 1989
384.059. Premium tax applicable to surplus lines, rate, payment — broker may charge tax to insured. — 1. There is hereby imposed on surplus brokers for the privilege of doing the business of a surplus lines broker in this state a tax of five percent of the net premium received with respect to surplus lines insurance on risks located in this state and subject to sections 375.136, 375.301, 375.786 and sections 384.011 to 384.071 as shown on the annual report filed with the department pursuant to section 384.057. For the purpose of this section, "net premiums" means the gross amount of charges for surplus lines insurance exclusive of sums collected for the payment of federal, state and local taxes, less returned premiums. The tax shall be paid before April sixteenth of each year. Nothing in sections 375.136, 375.301, 375.786 and sections 384.011 to 384.071 shall exempt from the tax levied by this section any surplus lines insurance covering risks in this state procured by a surplus lines broker or other broker for or on behalf of an airline, railroad, or motor carrier. The portion of the risk in this state shall be in the proportion that the carrier's revenue miles in this state bears to its total revenue miles.
2. The surplus lines broker may collect from the insured an amount equal to the tax provided for in this section.
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(L. 1987 H.B. 700 § 17, A.L. 1989 S.B. 250)

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XXIV - Business and Financial Institutions

Chapter 384 - Surplus Lines Insurance

Section 384.011 - Title of law.

Section 384.015 - Definitions.

Section 384.017 - Nonadmitted insurers, purchases from allowed, when.

Section 384.018 - Nonadmitted insurer deemed domestic surplus lines insurer, when — domestic insurer deemed eligible surplus lines insurer, when — policies subject to taxation, when — exemption from certain statutory requirements, when — rulemaking a...

Section 384.021 - Nonadmitted insurers, limitation on furnishing coverage — exempt commercial purchaser, licensee exemptions.

Section 384.023 - Unlisted nonadmitted insurers may be used for coverage, when — requirements.

Section 384.025 - Ineligibility of nonadmitted insurer, grounds, when — notice to licensees.

Section 384.034 - Advisory organization may be formed, purposes — information to be filed — examination when, costs — hearing on report, when — violations, penalty.

Section 384.036 - Policy or certificate to be delivered to insured or broker — policies to indicate current status and any changes — violation, penalties.

Section 384.038 - Enforceability of contract.

Section 384.041 - Premium payment to licensee deemed payment to insurer.

Section 384.043 - Licensing requirements for insurance producers, fee — examination, exception — renewal, when, violation, effect — national database, participation in — rulemaking authority.

Section 384.045 - Licensees may originate or accept insurance from other licensees or brokers, compensation.

Section 384.048 - Records required to be kept by licensees — to be open to director — retention period.

Section 384.051 - Insured to file report on surplus lines insurance not obtained through a broker — contents, when due — tax imposed, procedure to collect tax.

Section 384.054 - Delinquent tax, penalty, interest.

Section 384.057 - Licensee to file annual statement, contents — report to director, contents.

Section 384.059 - Premium tax applicable to surplus lines, rate, payment — broker may charge tax to insured.

Section 384.061 - Premium tax to be levied only on entire gross premium for nonadmitted or surplus lines insurance policies.

Section 384.062 - Premium taxes collected by licensee but unpaid to department, actions authorized — taxes payable to department.

Section 384.065 - Revocation, suspension or refusal to renew license of licensee, grounds — notice — hearing.

Section 384.068 - Cause of action on contracts of insurance may be brought against insurer — policy to contain appropriate language — insurer deemed to have subjected himself to this section — service of process.

Section 384.071 - Violations, penalties.