Missouri Department of Commerce and Insurance

Why say, "Show-Me Missouri" before you domicile?

  • We are an established domicile that has experience licensing all types and sizes of captives.
  • We believe sound regulation is beneficial—overregulation is not.
  • Our law is competitive and allows multiple useful options and flexibility.
  • We utilize that flexibility in our captive laws to the fullest extent allowed to satisfy the unique needs of each captive.
  • We have a simple fee structure with no hidden costs—the $7,500 application or annual renewal fee is 100 percent deductible from premium tax.
  • The fee structure ensures we have dedicated staff to be responsive to our captive's needs.
  • We use only dedicated in-house staff to conduct examinations, reducing your captive's operational costs.
  • And most important, you're not just a number on a spreadsheet. Your business is personal to us and you'll know the person who answers the phone is here to help YOU.

Just a few reasons to say: "Show-Me Missouri."

The Missouri Department of Commerce & Insurance has expertise in cell captives and domicile regulatory compliance. Alternative risk transfer programs with which it has experience include the following.

  • Single-Parent Captives
  • Group Captives
  • Segregated Cell—Sponsored Captives
  • Branch Captives
  • Producer-Owned Captives
  • Not-for-Profit Captives
  • Special Purpose Captives
  • Association Captive
  • Agency Captive
  • Industrial Insured Captive


Company Contacts

Captive Manager
(573) 522–9932

Mailing Address:
Harry S Truman State Office Bldg., Rm. 530
301 W. High St. P.O. Box 690
Jefferson City, MO 65101

Captive Domicile Summary

As a captive insurance company domicile, steady growth is an apt description for the state of Missouri.

The number of captives licensed in Missouri has increased by nearly 29 percent since 2016, with 80 captives at the end of 2021, while captive premium volume in 2021 was $4.7 billion, up from $3.2 billion in 2020.

Missouri captive regulators expect more growth in the months ahead. 

"In 2021, the program saw the largest increase in licensed captives since 2018 and is projecting this trend will continue through 2023. This forecast is based on a national interest in captive formations and Missouri's flexibility with this realm," said Sam Komo, the captive program manager for the Missouri Department of Commerce & Insurance in Jefferson City, Missouri.

Already in 2022, two captive applications now are being reviewed, while there are ongoing conversations on other formations, including what would be Missouri's first sponsored/protected cell captive.

"I believe we are in a position to match 2021 formations by midyear," Mr. Komo said.

Mr. Komo attributes Missouri's captive insurance company growth to several factors, including the experience of state regulators in licensing captives, an attractive captive fee statute, in which the application and renewal fee is 100 percent deductible from the premium tax and, he adds, a dedicated in-house staff that conducts examinations, "reducing your captive's operational costs."

Other attributes noted earlier include the state's location in the central part of the United States as well as the easy accessibility of captive regulators.

Captive experts agree with that assessment. "Regulators are very approachable and easy to work with," said Alan Finea partner with accounting and consulting firm Armanino LLP in St. Louis and president of the Missouri Captive Insurance Association.

At the same time, state lawmakers have played a key role in boosting the appeal of Missouri as a captive domicile through amendments to the state's 2007 captive statute.

"Lawmakers, generally speaking, have been very receptive to changes," Mr. Fine said, adding that prospective and current captive sponsors would more likely go to other domiciles if Missouri did not keep its captive statute up to date and attractive.

Those legislative changes go back many years. For example, legislation passed in 2013 authorized captives with segregated cells.

Missouri's captive insurance company premium taxes are competitive with other domiciles. For example, the annual tax on captives' premiums is 0.380 percent on the first $20 million in premiums, 0.285 percent on premiums between $20 million and $40 million, 0.190 percent on premiums between $40 million and $60 million, and 0.072 percent on premiums exceeding $60 million. The minimum annual premium tax is $7,500, and the maximum premium tax is $200,000.

Capitalization requirements vary by captive type. For example, single-parent and branch captives have to maintain capital and surplus of at least $250,000, with a $500,000 requirement for association and industrial insured captives.

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The Missouri Captive Insurance Association teams up every year with the Arizona, Nevada, and Utah captive associations to host the Western Region Captive Insurance Conference (WRCIC).

The next conference is scheduled for June 27–29, 2022, in Las Vegas, Nevada. For information about the conference, go to https://www.westerncaptiveconference.org, contact the WRCIC at (480) 289–5769 or email at [email protected] conference.org.

Captive Domicile Statistics

Total Captive Count* Missouri
Year Captives
2021 80
2020 74
2019 72
2018 71
2017 61
*Includes inactive captives. (Missouri has the ability to license sponsored/cell captives since 2013 through S.B. 287.)
Captives' Gross Written Premiums Missouri
Year Premium Volume
2021 $4.7 billion
2020 $3.2 billion
2019 $3.5 billion
2018 $4.1 billion
2017 $3.9 billion