Missouri Laws 364.105 – Registration required — fee — forms
1. No person shall engage in the business of a premium finance company in this state without first registering as a premium finance company with the director.
2. The annual registration fee shall be five hundred dollars payable to the director as of the first day of July of each year. The director may establish a biennial licensing arrangement but in no case shall the fees be payable for more than one year at a time.
Terms Used In Missouri Laws 364.105
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Director: the office of the director of the division of finance. See Missouri Laws 364.020
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
- Person: an individual, partnership, corporation, association, and any other group however organized. See Missouri Laws 364.020
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
3. Registration 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 registration form, a revised statement shall be submitted to the director accompanied by an additional fee of three hundred dollars.