Missouri Revised Statutes
Chapter 379
Insurance Other Than Life
←379.1310
Section 379.1312.1
379.1314→
August 28, 2015
Reports required.
379.1312. 1. Captive insurance companies shall not be required to
make any annual report except as provided in sections 379.1300 to 379.1351.
2. Prior to March first of each year, each captive insurance company
shall submit to the director a report of its financial condition, verified
by oath of two of its executive officers. Each captive insurance company
shall report using generally accepted accounting principles, unless the
director approves the use of statutory accounting principles, with any
appropriate or necessary modifications or adaptations thereof required or
approved or accepted by the director for the type of insurance and kinds of
insurers to be reported upon, and as supplemented by additional information
required by the director. Except as otherwise provided, each association
captive insurance company shall file its report in the form required by
section 375.041. The director shall by rule propose the forms in which
pure captive insurance companies and industrial insured captive insurance
companies shall report. Subdivision (3) of subsection 3 of section
379.1302 shall apply to each report filed under this section.
3. Any pure captive insurance company or an industrial insured
captive insurance company may make written application for filing the
required report on a fiscal year end. If an alternative reporting date is
granted:
(1) The annual report is due sixty days after the fiscal year end;
and
(2) In order to provide sufficient detail to support the premium tax
return, the pure captive insurance company or industrial insured captive
insurance company shall file prior to March first of each year for each
calendar year end its balance sheet, income statement and statement of cash
flows, verified by oath of two of its executive officers.
(L. 2007 S.B. 215, A.L. 2013 S.B. 287)
2007
2007
379.1312. 1. Captive insurance companies shall not be required to make
any annual report except as provided in sections 379.1300 to 379.1350.
2. Prior to March first of each year, each captive insurance company
shall submit to the director a report of its financial condition, verified by
oath of two of its executive officers. Each captive insurance company shall
report using generally accepted accounting principles, unless the director
approves the use of statutory accounting principles, with any appropriate or
necessary modifications or adaptations thereof required or approved or
accepted by the director for the type of insurance and kinds of insurers to
be reported upon, and as supplemented by additional information required by
the director. Except as otherwise provided, each association captive
insurance company shall file its report in the form required by section
375.041. The director shall by rule propose the forms in which pure captive
insurance companies and industrial insured captive insurance companies shall
report. Subdivision (3) of subsection 2 of section 379.1302 shall apply to
each report filed under this section.
3. Any pure captive insurance company or an industrial insured captive
insurance company may make written application for filing the required report
on a fiscal year end. If an alternative reporting date is granted:
(1) The annual report is due sixty days after the fiscal year end; and
(2) In order to provide sufficient detail to support the premium tax
return, the pure captive insurance company or industrial insured captive
insurance company shall file prior to March first of each year for each
calendar year end its balance sheet, income statement and statement of cash
flows, verified by oath of two of its executive officers.
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