Sterling Investors Life Insurance

Posted on 28/01/2020

The Insurance Commissioner advises the public that the insurance licence of the above-named company is now in the process of cancellation, which is in accordance with section 71 of the Insurance Act 2007.

All existing creditors of the said company are invited to the Central Bank of Samoa (“the Bank”) with relevant supporting document(s) of your current credits for reimbursement of funds.

The reimbursement process will only cover a six (6) months periods from 22/01/2020 to 21/072020. There will be noreimbursements permitted after the prescribed period, as the licence will be cancelled immediately, and all remaining funds of the said company will be transferred to a secured account.

We would like to remind the public/existing creditors that it is an offence punishable by law for trying to defraud the Bank by making false claims on your insurance policy and/or unclaimed money.

Should you require further information on this matter, please contact the Supervision Department of the Bank on phone numbers 34132/34133.

(Maiava Atalina Ainuu-Enari)