Missouri’s House Bill 600 has taken effect, requiring persons with professional licenses to file and pay their state taxes or face license revocation. Affected under the legislation are Missouri Department of Insurance licenses to more than 100,000 insurance producers and public adjusters. The Missouri Department of Revenue’s first sampling of insurance producers and public adjusters for compliance with HB 600 reportedly produced a significant number who have failed to pay taxes and face revocation. Individuals who receive a Department of Revenue notice about noncompliance should call that agency at (573) 751-7200. MDI said it cannot provide any assistance and will refer all contacts to the Department of Revenue.
Was this article valuable?
Here are more articles you may enjoy.
Private Credit Investors Clash Over £36 Billion BHP Dam Collapse Litigation 
Are We Training Claims Adjusters or Claims Processors? 
The Big Data/AI ‘Revolution’ Is Driving Up Verdicts, Settlements as Plaintiffs Buy In 
Viewpoint: Reinsurance Market to Experience Further Softening, M&A on Ample Capacity From This Issue
