The National Insurance Commission (NIC) in pursuit of its statutory function wishes to inform the General Public that: Adamas Life Assurance Company Limited is undergoing regulatory intervention to improve its operational efficiency:
In view of this, the company has been directed (among other things):
• To stop writing new insurance business
• Not to renew existing insurance business and
• Not to vary any existing insurance contract.
The public is hereby advised not to transact any insurance business with the company until further notice from the NIC.
NATIONAL INSURANCE COMMISSION
17 MAY 2016