Missouri § 377.430 Requirements for foreign corporations — tax on premiums.

Missouri Statutes

§ 377.430 — Requirements for foreign corporations — tax on premiums.

Missouri § 377.430

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 377Assessment Plan and Stipulated Premium Plan Life Insurance

This text of Missouri § 377.430 (Requirements for foreign corporations — tax on premiums.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 377.430 (2026).

Text

1.No foreign corporation, company, association or society shall be authorized to transact any business authorized by sections 377.200 to 377.460 within this state, unless it furnish evidence satisfactory to the director of the department of commerce and insurance that it has a reserve or emergency fund equal in amount to that required by sections 377.200 to 377.460 , and the same is held for the benefit of policyholders only, and invested as required by the insurance laws of its home state.

2.Neither shall any foreign corporation, company, association or society be authorized to do business in this state under sections 377.200 to 377.460 , unless it collects in advance for the benefit of its policyholders a net premium equal to at least that provided for by the terms of sections 377.2

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1. No foreign corporation, company, association or society shall be authorized to transact any business authorized by sections 377.200 to 377.460 within this state, unless it furnish evidence satisfactory to the director of the department of commerce and insurance that it has a reserve or emergency fund equal in amount to that required by sections 377.200 to 377.460 , and the same is held for the benefit of policyholders only, and invested as required by the insurance laws of its home state.

2. Neither shall any foreign corporation, company, association or society be authorized to do business in this state under sections 377.200 to 377.460 , unless it collects in advance for the benefit of its policyholders a net premium equal to at least that provided for by the terms of sections 377.200 to 377.460 ; provided, that all such foreign corporations shall annually pay a tax on the gross premiums received in this state on account of business done in the state at the rate of one percent per annum, which shall be in lieu of all other taxes as herein otherwise provided; said tax shall be levied and collected as is provided for in the collection of taxes on other insurance companies.