50-State Financial Services Licensing Compliance Guide
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Missouri Finance Licensing

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Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in Missouri.

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Company Licenses

Missouri Financial Services Company Licenses

Missouri Business Entity Producer

Initial Registration

Registration Renewal

Missouri Business Entity Producer License - Non-Resident

Agency:Missouri Department of Insurance

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by the date of issuance.

Missouri Business Entity Producer License - Resident

Agency:Missouri Department of Insurance

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by the date of issuance.

Missouri Collection Agency License

Not required



Debt Collection Agency licensure is not required on the State level in Missouri.

Missouri does not currently issue licenses for collection agencies.

Missouri Insurance Agency License

Agency:Missouri Department of Insurance

Initial Registration

This section applies to insurance firms that are applying for a license in Missouri for the first time.

Agency:Missouri Department of Insurance
Form:

http://insurance.mo.gov/industry/forms/index.php

Agency Fee:

$100 for most

Registration Renewal

This section applies to insurance firms that are already licensed in Missouri and need to renew their license.

Agency:Missouri Department of Insurance
Form:

http://insurance.mo.gov/industry/forms/index.php

Agency Fee:

$100 for most

Due:

Biennially

Missouri Motor Vehicle Extended Services Contract License - Non-Resident

Agency:Missouri Department of Insurance

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by the date of issuance.

Missouri Motor Vehicle Extended Services Contract License - Resident

Agency:Missouri Department of Insurance

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by the date of issuance.

Missouri Third Party Administrator License

Agency:Missouri Department of Commerce and Insurance
Law:

Missouri Code Sections 376.1075 - 376.1095 and Regulation 20-CSR 200-9.100-9.800

Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Form:

TPA Registration Application 

Filing Method:

Mail 

Agency Fee:

$1,000

Required Attachments:

1.All basic organization documents of the administrator, including the Articles of Incorporation, Articles of Association, Partnership agreements, trade name certificate, trust agreements, shareholder agreement and all amendments to such documents.
2. A currently dated Certificate of Good Standing and/or Fictitious Name Registration from theMissouri Secretary of State’s office at Search for a Business Entity.
3. Bylaws, rules and regulations of the administrator.
4. Biographical affidavit form for all individuals who are responsible for the conduct of the affairs of the administrator Biographical affidavit.
5. Annual audited financial statements or reports for the two most recent years.
6. Plan of operation of the administrator.
7. If the applicant will be managing the solicitation of new or renewal business, proof that it employs or has contracted with an agent licensed in this state for solicitation and taking of business.
8. Notification of Insurer/Trust Agreements (the $250 fee is not due at the initial application)
9. Bond. Under the bonding requirement, each administrator must file a Surety bond in the amount of $50,000.
10. TPA Questionnaire 
11. TPA 376.1092 Form 

Bond Amount:

Surety bond in the amount of $50,000.

Registration Renewal

Form:

TPA Checklist

Filing Method:

Online

Agency Fee:

Annual filing documentation and fee of $250 due March 1 of each year.
Annual renewal fee of $250 due July 1 of each year for the Certificate of Authority.

Missouri Utilization Review Agent Registration

Type of Review:

Medical Utilization Review

Agency:Missouri Department of Insurance
Law:

MO Stat. § 374.503

Initial Registration

Form:

Certificate of Registration Application for Utilization Review

Agency Fee:

$1,000

Notarize:Required
Required Attachments:
  • List of all other locations
  • List of officers, directors, and partners
  • Name, address, and medical license number for the entity's Missouri-licensed medical director
  • List of clients including addresses, phone numbers, contact names and emails

Registration Renewal

Form:

Certificate of Registration Application for Utilization Review (Renewal)

Agency Fee:

$500

Due:

Annually by the anniversary date of issuance.

Notarize:Required

Individual Licenses

Missouri Individual Financial Services Licenses

Missouri Insurance Agent License

Agency:Missouri Department of Insurance

Initial Registration

This section applies to insurance agents that are applying for a license in Missouri for the first time.

Agency Fee:

From $25 to $150 depending on license type

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by the last day of initial registration month

Missouri Insurance Producer License - Non-Resident

Agency:Missouri Department of Insurance

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by the date of issuance.

Missouri Insurance Producer License - Resident

Agency:Missouri Department of Insurance

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by the date of issuance.

Missouri Motor Vehicle Extended Services Contract License - Non-Resident

Agency:Missouri Department of Insurance

Initial Registration

Filing Method:

Online

Agency Fee:

$25

Registration Renewal

Filing Method:

Online

Agency Fee:

$25

Due:

Biennially by the date of issuance.

Missouri Motor Vehicle Extended Services Contract License - Resident

Agency:Missouri Department of Insurance

Initial Registration

Filing Method:

Online

Agency Fee:

$25

Registration Renewal

Filing Method:

Online

Agency Fee:

$25

Due:

Biennially by the date of issuance.

Missouri Surplus Lines License - Non-Resident

Agency:Missouri Department of Insurance

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by the date of issuance.

Missouri Surplus Lines License - Resident

Agency:Missouri Department of Insurance

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by the date of issuance.

Explore licensing in other states:

Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.

Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.

Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.

Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.

Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.

Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.

Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.

Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.

Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.

Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.

Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.

National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.

National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.

National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.

National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.

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