Statement And Designation By Foreign Corporation-Insurer {S-DC-INS} | Pdf Fpdf Docx | California

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Statement And Designation By Foreign Corporation-Insurer {S-DC-INS} | Pdf Fpdf Docx | California

Last updated: 7/11/2023

Statement And Designation By Foreign Corporation-Insurer {S-DC-INS}

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S&DC-INS - STATEMENT AND DESIGNATION BY FOREIGN INSURER CORPORATION. To qualify an insurer corporation from another state, foreign country or other place to transact intrastate business in California, you must file a Statement and Designation by Foreign Corporation (Form S&DC-INS) with the California Secretary of State. • Form S&DC-INS is required along with a current (within 6 months) Certificate of Good Standing issued by the government agency where the foreign corporation is formed. The Certificate must certify that the corporation is in existence, in active status, or in good standing. NOTE: If the corporation is a nonprofit, the Certificate of Good Standing must indicate the corporation is a nonprofit or nonstock corporation. • Form S&DC-INS must be submitted with a certificate by the California Insurance Commissioner approving the corporate name. • Before submitting the completed form, you should consult with a private attorney for advice about your specific business needs and whether additional article provisions for the corporation are needed. Filing Fee – $100.00 (for a foreign stock corporation) or $30.00 (for a foreign nonprofit corporation) Certified Copy Fee (Optional) - $5.00 Note: Corporations may have to pay minimum $800 tax to the California Franchise Tax Board each year.

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