1. If any tax, penalty, or interest payable by a surplus lines licensee under the provisions of sections 384.011 to 384.071 is not paid within the time prescribed, the same shall be recoverable in a suit brought by the director against the surplus lines licensee.

2. All taxes, penalties, and interest or delinquent taxes levied pursuant to this chapter shall be paid to the department of revenue, who shall notify the director of the sums collected from each surplus lines licensee. All checks and drafts remitted for the payment of such taxes, penalties and interest shall be made payable to the director of revenue.

Terms Used In Missouri Laws 384.062

  • Director: the director of the department of commerce and insurance. See Missouri Laws 384.015
  • Surplus: funds over and above liabilities and capital of the company for the protection of policyholders. See Missouri Laws 384.015
  • Surplus lines licensee: a person licensed to place insurance on risks resident, located or to be performed in this state with nonadmitted insurers eligible to accept such insurance. See Missouri Laws 384.015

3. Taxes collected pursuant to this chapter are taxes collected by the director of revenue within the meaning of section 139.031.

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