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REVOCATION OF LIFE INSURANCE LICENSE ‘STERLING INVESTORS LIFE INSURANCE’

SAMOA, July 30 - Press Release; 31st JULY 2020

The Insurance Commissioner wishes to advise the public that the insurance license of the above-named company is now cancelled, which is in accordance with section 71 of the Insurance Act 2007 and at the completion of the six months period (i.e. from 22/01/2020 – 21/07/2020) allowed to settle any outstanding matters pertaining to Sterling Investors Life Insurance.

As such, the Office of the Insurance Commissioner/Central Bank of Samoa (the “Bank”) no longer accepts any requests for reimbursement of unclaimed funds from the said insurer.

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) GOVERNOR AND COMMISSIONER OF INSURANCE

August 3, 2020