Missouri Revised Statutes

Mo. Rev. Stat. § 148.340 (2026)

Tax on premiums of foreign companies

✓ current as of May 2026

Find cases: SyfertCases citing this section MO-REVrevisor.mo.gov Justiaon Justia CornellLII Search CasesGoogle Scholar

148.340. Tax on premiums of foreign companies. — Every insurance company or association not organized under the laws of this state, shall, as provided in section 148.350, quarterly pay tax upon the direct premiums received, whether in cash or in notes, in this state or on account of business done in this state, for insurance of life, property or interest in this state at the rate of two percent per annum in lieu of all other taxes, except as in sections 148.310 to 148.461 otherwise provided, which amount of taxes shall be assessed and collected as herein provided; provided, that fire and casualty insurance companies or associations shall be credited with cancelled or return premiums actually paid during the year in this state, and that life insurance companies shall be credited with dividends actually declared to policyholders in this state, but held by the company and applied to the reduction of premiums payable by the policyholder.

--------

(RSMo 1939 § 6094, A.L. 1982 S.B. 470, A.L. 1983 H.B. 713 Revision)

Prior revisions: 1929 § 5979; 1919 § 6387; 1909 § 7099

CROSS REFERENCES:

Amount of tax by foreign state on Missouri companies, when in excess of Missouri tax, to be collected from insurance companies of such state, 375.916

Foreign stipulated premium plan companies, taxation of, 377.420, 377.430

(1994) Where legislature did not expressly exempt foreign insurance companies from the use tax in chapter 144, RSMo, the provisions of this section that provide for the imposition of tax on premiums received by foreign insurance companies in lieu of all other taxes do not exempt foreign insurance companies from use tax liability. Prudential Insurance Company of America v. Director of Revenue, 885 S.W.2d 337 (Mo. en banc).

(2008) Direct premium tax is constitutional and applies to payments which life insurance company receives on stop-loss insurance policies sold to employers who maintain self-funded health benefit plans. American National Life Insurance Co. v. Director of Revenue, 269 S.W.3d 19 (Mo.banc).

Notes of Decisions

Cited in 5 cases, 1952–2008 · leading case: Am. Nat'l Life Ins. Co. of Texas v. Dir. of Revenue, 269 S.W.3d 19 (Mo. 2008).

Sort: Relevance Newest Treatment

Am. Nat'l Life Ins. Co. of Texas v. Dir. of Revenue, 269 S.W.3d 19 (Mo. 2008). · cites it 25× “350, quarterly pay tax upon the direct premiums received, whether in cash or in notes, in this state or on account of business done in this state, for insurance of life, property or interest in this state at the rate of two percent per annum in lieu of all other taxes, except as…”

Ins. Co. of PA v. Dir. of Revenue, 269 S.W.3d 32 (Mo. 2008). · cites it 7× “Pursuant to section 148.340, RSMo 2000, 3 Insurers are required to pay a tax on the insurance premiums they collect in Missouri.”

Paster v. Tussey, 512 S.W.2d 97 (Mo. 1974). · cites it 2× “In each instance, the basic source of revenue for the free textbook fund is the tax imposed by the state on foreign insurance companies for "business done in this state" as provided in § 148.340. As would be apparent, the constitutional challenge to the two new sections is…”

Gen. Am. Life Ins. v. Bates, 249 S.W.2d 458 (Mo. 1952). · cites it 2× “1023, and § 148.340, R. S. 1949); and they say that under the following sections of R.”

Prudential Ins. Co. of Am. v. Dir. of Revenue, 885 S.W.2d 337 (Mo. 1994). · cites it 14× “In this case we determine whether Section 148.340, RSMo 1986, which imposes a tax on premiums received by foreign insurance com *338 panies “in lieu of all other taxes,” exempts foreign insurance companies from use tax liability under Section 144.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.