Missouri: premium trust account rules
What Missouri requires of insurance producers holding premium funds, and what happens when those funds are diverted.
Citation
§§ 375.051; 375.141; 375.146; 375.149
Source chart last reviewed this jurisdiction: 2/25
What the jurisdiction requires
A producer who collects premiums on behalf of an insurance company shall be held responsible in a trust or fiduciary capacity to the company for any money so collected for the company. Managing general agent shall hold in a fiduciary capacity all funds that are collected for the account of an insurer.
Penalties for diversion
The director may suspend, revoke, refuse to issue or refuse to renew a producer’s license if the producer improperly withholds, misappropriates, or converts any money received in the course of doing insurance business. A willful violation is a class A misdemeanor.
This reference is not legal advice. Citations and summaries are transcribed from the NAIC's Fiduciary Responsibilities—Premiums chart (Spring 2025) and reflect that chart's own review dates, which vary by jurisdiction. Statutes change, and the chart may lag the current code. Confirm the current text of any provision with the jurisdiction's insurance department or your own counsel before relying on it.
Tie out a Missouri trust account
Tie your premium trust account out three ways — bank, ledger and what you owe — with Missouri's cited rule beside the worksheet. Runs in your browser; nothing is uploaded.
Trust account reconciliation worksheetKeep your trust account provably in balance
Policy Balance Hub tracks premium held in trust against what you owe each carrier, so the reconciliation an examiner asks for already exists.