Missouri

Missouri

Missouri is the premier captive domicile in Mid-America with more direct flights in and out of the state than most major captive domiciles. With an experienced staff, low examination cost, and flexible laws allowing individualized company regulation, the Captive Program of the Missouri Department of Commerce and Insurance has the ability to provide the level of regulation needed for nearly any situation.

[Last updated: 12/07/16]
Regulatory contact:
John M. Talley, JD
Captive Program Manager
Address of regulator
301 W. High Street, Suite 530
Jefferson City, MO 65101
Telephone Number
1+573-522-9932
Email Address
John.Talley@insurance.mo.gov
Website
http://insurance.mo.gov/captive/



Name of Captive Legislation
Missouri Captive Insurance Company laws
 
Year Legislation Passed
2007
 
Recent Amendments
2009 Conversion to a reciprocal captive insurer and other technical changes
2013 Sponsored Captive Cell Insurance Companies 
 
Do you allow Cell Captives?
Yes
 
Total Number of Licenced Captives 
53
 
Number of Risk Retention Groups or Group Captives
0 Risk Retention Groups (RRG’s are regulated as a traditional insurance company)
1 group captive (Association)
 
Number of Single Parent Captives
42 Pure Captives
1 Branch Captive
9 Special Purpose Life Reinsurance Captives (SPLR)
 
Number of Cell Captives
0
 
Number of licences granted in the past year (2015 calendar year)
6
 
Approximate (or Average) length of time to process a new captive 
30 days for Pure, Association and Industrial Captives
45-60 days for SPLR Captives
 
Captive tax rates 
Premium                             Direct                    Assumed
Amount (millions)            Premium             Premium                           
$0-20                                     0.380%                  0.214%
$20-40                                   0.285%                  0.143% 
$40-60                                   0.190%                  0.048% 
$60+                                      0.072%                  0.024%
 
Minimum capitalisation rate 
Pure Captive                      $250,000
Association Captive         $500,000
Industrial Captive             $500,000
Sponsored Cell Captive $500,000
SPLR Captive                      $250,000
 
Licencing fees
$7,500 (credited toward premium tax payment)
 
Industry sectors best represented in the domicile
Consumer Services Industry
 
Top uses for captives in the domicile
General Liability
 
Total premiums received by the Captives
2015 - $3.6 Billion (including reinsurance assumed)
 
Total value of assets under management
$1.7 Billion
 
Captive Insurance Managers registered to conduct business in the domicile
AIG Insurance Management Services, Inc.
Aon Insurance Managers USA
Aon Risk Services Central, Inc.
Artex Risk Solumtions, Inc.
Beecher Carlson Insurance Services, LLC
Captive Planning Associates, LLC
Enterprise Risk Strategies, LLC
Forrest T. Jones & Company, Inc.
Innovative Captive Strategies, Inc.
Lionheart Insurance Management, LLC
Marsh's Captive Solutions USA
M.R. Mead & Company of Missouri, LLC
Risk Services, LLC
R&Q Quest Management Services USA, LLC
Strategic Risk Soultions (West), Inc.
USA Risk Group of Vermont, Inc.
USA Risk Group (West), Inc.
William C. Rogers, LLC
Willis Management (Vermont), Inc.
Winter-Dent & Company

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