International Insurance

The International Insurance Act 1988 regulates offshore insurance business carried on by international and foreign companies registered under the International Companies Act 1988.


A registered insurer is not allowed to issue bearer shares/share warrants to bearer or to carry on domestic insurance business nor any activities other than for the purposes of its offshore insurance business.


  • Must have minimum issued capital and unimpaired reserves
  • Required to keep/maintain at its principal place of business in Samoa (or such place as maybe authorized)
  • Police Clearance
  • Share ownership
  • A full true and complete record of its accounting and policy transactions and of its financial position
  • Produce evidence of its financial standing
  • Appoint an auditor and is required to submit to the registrar and Annul Return every calendar year and its audited Annual Accounts and Auditor's Report

Disclaimer: The above information is for briefing purposes only. Please seek professional advice or contact us on