Missouri Revised Statutes
Chapter 384
Surplus Lines Insurance
←384.048
Section 384.051.1
384.054→
August 28, 2015
Insured to file report on surplus lines insurance not obtained through a broker--contents, when due--tax imposed, procedure to collect tax.
384.051. 1. Every insured whose home state is this state who
procures or causes to be procured or continues or renews insurance in any
surplus lines insurer, or any self-insurer whose home state is this state
who so procures or continues with, any surplus lines insurer, excess of
loss, catastrophe or other insurance, other than insurance procured through
a surplus lines broker pursuant to sections 384.011 to 384.071, shall
before March second of the year next succeeding the year in which the
insurance was so procured, continued or renewed, file a written report of
the same with the director on forms prescribed by the director and
furnished to such an insured upon request. The report shall show:
(1) The name and address of the insured or insureds;
(2) The name and address of the insurer or insurers;
(3) The subject of the insurance;
(4) A general description of the coverage;
(5) The amount of premium currently charged therefor;
(6) Such additional pertinent information as may be reasonably
requested by the director.
2. For the general support of the government of this state there is
levied upon the insured or self-insurer who procures insurance pursuant to
subsection 1 of this section a tax at the rate of five percent of the gross
amount of the premium. Before April sixteenth of the year next succeeding
the year in which the insurance was so procured, continued or renewed, the
insured shall remit to the department of revenue the amount of the tax.
The department of revenue shall notify the director of the sums collected
from each insured or self-insurer.
(L. 1987 H.B. 700 § 16 subsecs. 1 to 5, A.L. 1989 S.B. 250, A.L. 2009
H.B. 577, A.L. 2011 S.B. 132)
Effective 7-07-11
2009
1991
2009
384.051. 1. Every insured in this state who procures or causes to be
procured or continues or renews insurance in any surplus lines insurer, or
any self-insurer in this state who so procures or continues with, any surplus
lines insurer, excess of loss, catastrophe or other insurance, upon a subject
of insurance resident, located or to be performed within this state, other
than insurance procured through a surplus lines broker pursuant to sections
384.011 to 384.071, shall before March second of the year next succeeding the
year in which the insurance was so procured, continued or renewed, file a
written report of the same with the director on forms prescribed by the
director and furnished to such an insured upon request. The report shall
show:
(1) The name and address of the insured or insureds;
(2) The name and address of the insurer or insurers;
(3) The subject of the insurance;
(4) A general description of the coverage;
(5) The amount of premium currently charged therefor;
(6) Such additional pertinent information as may be reasonably requested
by the director.
2. If any such insurance covers also a subject of insurance resident,
located or to be performed outside this state, for the purposes of this
section, a proper pro rata portion of the entire premium payable for all such
insurance shall be allocated as to the subjects of insurance resident, located
or to be performed in this state.
3. Any insurance in a surplus lines insurer procured through negotiations
or an application in whole or in part occurring or made within or from within
this state, or for which premiums in whole or in part are remitted directly or
indirectly from within this state, shall be deemed to be insurance procured
or continued or renewed in this state within the intent of subsection 1 of
this section.
4. For the general support of the government of this state there is
levied upon the insured or self-insurer who procures insurance pursuant to
subsections 1 and 3 of this section a tax at the rate of five percent of the
net amount of the premium in respect of risks located in this state. Before
April sixteenth of the year next succeeding the year in which the insurance
was so procured, continued or renewed, the insured shall remit to the
department of revenue the amount of the tax. The department of revenue shall
notify the director of the sums collected from each insured or self-insurer.
1991
384.051. 1. Every insured in this state who procures or
causes to be procured or continues or renews insurance in any
surplus lines insurer, or any self-insurer in this state who so
procures or continues with, any surplus lines insurer, excess of
loss, catastrophe or other insurance, upon a subject of insurance
resident, located or to be performed within this state, other
than insurance procured through a surplus lines broker pursuant
to sections 384.011 to 384.071, shall before March second of the
year next succeeding the year in which the insurance was so
procured, continued or renewed, file a written report of the same
with the director on forms prescribed by the director and
furnished to such an insured upon request. The report shall
show:
(1) The name and address of the insured or insureds;
(2) The name and address of the insurer or insurers;
(3) The subject of the insurance;
(4) A general description of the coverage;
(5) The amount of premium currently charged therefor;
(6) Such additional pertinent information as may be
reasonably requested by the director.
2. If any such insurance covers also a subject of insurance
resident, located or to be performed outside this state, for the
purposes of this section, a proper pro rata portion of the entire
premium payable for all such insurance shall be allocated as to
the subjects of insurance resident, located or to be performed in
this state.
3. Any insurance in a surplus lines insurer procured through
negotiations or an application in whole or in part occurring or
made within or from within this state, or for which premiums in
whole or in part are remitted directly or indirectly from within
this state, shall be deemed to be insurance procured or continued
or renewed in this state within the intent of subsection 1 of
this section.
4. For the general support of the government of this state
there is levied upon the insured who procures insurance pursuant
to subsections 1 and 3 of this section a tax at the rate of five
percent of the net amount of the premium in respect of risks
located in this state. Before April sixteenth of the year next
succeeding the year in which the insurance was so procured,
continued or renewed, the insured shall remit to the director the
amount of the tax. The director before June first of each year
shall certify and transmit to the director of revenue the sums so
collected.
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