Maria Sheffield, captive program manager at MO has announced that Missouri has licensed 7 new captives to reach a total of 35 licensed entities.
MO continues a steady growth rate emphasizing the quality of the captives being formed and operating. The addition includes companies re-domesticating back to Missouri.
Senate Bill 287 was approved unanimously, allowing for sponsored captive formations, easier mergers or assumption of business, and improved efficiencies.
This increased premium tax revenue allows MO to add staff to its dedicated captive department.