If an insurance company or self-insurer does not turn in the required report, the director figures out a fair estimate of how much money was involved and charges the tax on that amount. After that, things move forward the same way as if the company had turned in the report on time.
287.700. s — duty of . — If any such shall fail or refuse to make the return required by this chapter, the said director shall the tax against such insurance carrier or at the rate provided for in this chapter on such amount of* or as he shall deem just, and the proceedings thereon shall be the same as if the return had been made.
(RSMo 1939 § 3756)
Prior revision: 1929 § 3366
*Word "or" appears in original rolls.
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Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.