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The captive insurance market in the “Show Me” state is seeing rapid growth with double the number of captives: 12 licensed in 2010 compared to six on the books in 2009, according to the state’s captive program manager.

This reflects Missouri’s attractiveness as a captive domicile, according to the Missouri Dept. of Insurance. The state began licensing captives in 2007, and by 2009, premium volume had reached $1 billion.

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