Missouri § 384.059 - Premium tax applicable to surplus lines, rate, payment — broker may charge tax to insured.
Full text of Missouri Revised Statutes of Missouri § 384.059 — Premium tax applicable to surplus lines, rate, payment — broker may charge tax to insured., with citation guidance and answers to common questions.
§ 384.059. Premium tax applicable to surplus lines, rate, payment — broker may charge tax to insured.
1. There is hereby imposed on surplus brokers for the privilege of doing the business of a surplus lines broker in this state a tax of five percent of the net premium received with respect to surplus lines insurance on risks located in this state and subject to sections 375.136, 375.301, 375.786 and sections 384.011 to 384.071 as shown on the annual report filed with the department pursuant to section 384.057. For the purpose of this section, "net premiums" means the gross amount of charges for surplus lines insurance exclusive of sums collected for the payment of federal, state and local taxes, less returned premiums. The tax shall be paid before April sixteenth of each year. Nothing in sections 375.136, 375.301, 375.786 and sections 384.011 to 384.071 shall exempt from the tax levied by this section any surplus lines insurance covering risks in this state procured by a surplus lines broker or other broker for or on behalf of an airline, railroad, or motor carrier. The portion of the risk in this state shall be in the proportion that the carrier's revenue miles in this state bears to its total revenue miles.
2. The surplus lines broker may collect from the insured an amount equal to the tax provided for in this section.
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(L. 1987 H.B. 700 § 17, A.L. 1989 S.B. 250)
---- end of effective 28 Aug 1989 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 384.059
What does Revised Statutes of Missouri § 384.059 cover?
Section 384.059 ("Premium tax applicable to surplus lines, rate, payment — broker may charge tax to insured.") 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 § 384.059?
A common citation format is "Revised Statutes of Missouri § 384.059" (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 § 384.059 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.