Missouri § 364.105 - License required — fee — forms.
Full text of Missouri Revised Statutes of Missouri § 364.105 — License required — fee — forms., with citation guidance and answers to common questions.
§ 364.105. License required — fee — forms.
1. No person shall engage in the business of a premium finance company in this state without a premium finance company license issued by the director.
2. At the time of filing an application for licensure, the applicant shall pay a licensing fee, to be determined by the director from time to time, not to exceed five thousand dollars and a fee for each additional location where such applicant conducts business, to be determined by the director from time to time, not to exceed one thousand dollars. Applicants who have not exceeded one hundred active accounts at any point in the previous licensing year shall pay a licensing fee, to be determined by the director from time to time, not to exceed one thousand dollars and a fee for each additional location where such applicant conducts business, to be determined by the director from time to time, not to exceed one thousand dollars. The licensing period shall run from July first to June thirtieth. Thereafter, every licensee shall pay a like fee on or before June thirtieth of each year. All license fees paid pursuant to this section shall be credited to the consumer licensing fund, established pursuant to section 361.170.
3. Applications for licensure shall be made on forms prepared by the director and shall contain the following information:
(1) Name, business address and telephone number of the premium finance company;
(2) Name and business address of corporate officers and directors or principals or partners;
(3) A sworn statement by an appropriate officer, principal or partner of the premium finance company that:
(a) The premium finance company is financially capable to engage in the business of insurance premium financing; and
(b) If a corporation, that the corporation is authorized to transact business in this state;
(4) If any material change occurs in the information contained in the application for licensure form, a revised statement shall be submitted to the director accompanied by an additional fee of three hundred dollars.
--------
(L. 1984 S.B. 686 § 2, A.L. 1986 H.B. 1195, A.L. 2003 S.B. 346, A.L. 2015 H.B. 587 merged with S.B. 345, A.L. 2023 S.B. 13, A.L. 2026 H.B. 2423)
---- end of effective 28 Aug 2026 ----
Frequently Asked Questions About Missouri § 364.105
What does Revised Statutes of Missouri § 364.105 cover?
Section 364.105 ("License required — fee — forms.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 364.105?
A common citation format is "Revised Statutes of Missouri § 364.105" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 364.105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.