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29.1007 Withdrawal from American Samoa.

Cite as [A.S.C.A. § 29.1007]

A general insurance broker desiring to withdraw from American Samoa may do so by ap-plying to the Commissioner for an order granting permission to withdraw. The application shall be accompanied by an affidavit of its principal officer and general agent that:

(1) it desires to withdraw and to permanently discontinue the transaction of the general insur-ance brokerage business in American Samoa;

(2) all claims against it have been satisfied; and

(3) it has caused publication of its notice to withdraw in a newspaper of general circulation in American Samoa once a week for 4 consecutive weeks.

History: 1978, PL, 15-79 § 2.