The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1855-10-02 00:00:00

SUPPLIED IN

LIVERPOOL,

BIRKENHEAD,

SEACOYIBE, NEW BRIGHTON,

HUYTON,

ROBY, "RAINHILL,

ROCK FERRY,

To Order left or sent by Post to the Undersigned,

23, CASTLE-STREET, LIVERPOOL ;

Or to the following Yards and offices, 'OZ. CROWN-STREET, Liyeroool; EGERTON Docz.;Ar, Birkenhead; DEMEAN'

STREET, Seaconibe.

W. and H. LAIRD.

23, Castle-street, Liverpoo

METROPOLITAN COUNTIES & GEN P'u
LIFE ASSURANCE SOCIETY.
27, REGENT.STREET, LONDON•
CAPITAL, £lOO,OOO.
TRUSTEES : 51 P.
Rt. Hon. Spencer H.Walpole, M.P. I Richard Spooner, Esq.,
Henry
Henry Peter Fuller, Esq. I E. Vansittart Neale, Esq'
The Business of this Society embraces ASSURANCES u 129!
LIVES, with or without Profits, on JOINT LIVES and SUP'
Assured himself, rain case of his previously
VORSHIPS. to tilt
The Assurance of certain sum to be paid at a given a.
Representatives.
Annuities, immediate and deferred, and Endowments. glad
At the Annual General Meeting of the Society, held in,'„,
last, its financial position enabled the Directors to declare a 10,1,,
to the Policy-holders averaging Thirty-three per Cent. On rate;,"
'ratans paid. _ F. FERGUSON CAMROUX, -
isfo
dying, then to

LIVERPOOL BRANCH:
Office, Waltner-buildings, Water-street.

e wm. Ewing,
Matthew Gregson, Esq.
f Twhhoomma L
Prospectusesi ttl LOCAL DIREC-TORS:
be obtained•
o
MANAGER:
eciale'Esacid infoGremution I,org
Mr. S. W. ANTHONY,

C ItIT H
OF ESTABLISHED 1840.
N G A
EL
LIFE AND•FIRE ASSURANCE 'SST
Head Office, 5, LOTHBURI, LONDU v
E SH
•,t$
LIFE. d 31tifti
systems
s o f lnstitutionLife Assurance,
Subscribed Cal)‘:.;
WRANCHES are fully protected by the large
e., all ca,,,
opts bo h
andt
of the Company. The Rates of Premium are reduced
far
for young and middle-aged lives.
as far as is compatible with stability, and eapeciaq
FIRE, e
« Gen,' J h
11
moderate ratei; with a reduction of .410 Pe. „Ex, all
Premiums for Assurance against Peas are Charged gt,tlloa the
RESIDENCES AND FURNITURE OP CLERGY,,,
BUILDINGS and CONTENTS of CHURCHES and
SCHOOLS.
~:site
Prospectuses, the necessary Forms, and every recl..„„iics
mation for effecting Arterances, may be obtained 01,1,aVionl•
hetPhistovotitiecf.Ahtiosi•cian Belt
at the Head Office, as above, or to the Agents of the vseeretBffie
WM. EMMEI, fu.rbete
asca The Rates of Premium Charged by this Insider ija rep.
sidence in India, the Cape of Good Hope, and AtsttoaAasv.
the Company has Branches), are peculiarly favouts.'
INDISPIJTABILITY THE ONLY CO Of°
SECURITY IN LIFE ASSURANCY* • ,Ice)i
(Extracted from " The Register.") tat P' 0111!
What is meant by an indisputable policy 7 in the iiao
is unlike other policies; the adjective being used 104
othe 11;8(
thing to mark and distinguish such a policy from' ,1•01i0,00t,
cies. In the second place, it means much inore—!!ireenc;elol,
the policy to which the epithet " Indisputable" PAS raid'
be disputed, except upon grounds beyond the reach 't be
the contracting parties to control. In other words,,,,, ose
represented as being as indisputable as man can mar' a of a tee,
Nothing can be more embarrassing_ than the situatioao fore
who, after making payments to an Insurance Coln,P,.auctele
twelve, or twenty years, on the supposition that 00017;0
ments'he has purchased for his family the absolute Pr.s 000 es
• reversionary estate, is then told that at his death
chance may receive ouch property, but that there is a great cloi'; sndoel
sibility—amounting to a probability, that they maY.n° Jr caholif
the cbntingency depends upon circumstances whicil,„ 85 peat
responsible for the precise and literal accuracy
foresee. Yet such is the position of those who are he;tatelfliof
in numerous documents and schedules which precede ee of and
of a policy. Take one of these schedules as an instahn saletev
ments, upon the accuracy of each of which the Iv,l(lol3e,Dd,
the policy will ultimately be made to depend lis1;10,
declare that my age does not exceed years; lira, ye oohs et
cow-pox or small-pox (state which); that I have tar It a ft,t,'ol
the gout; that I have not been afflicted with aril, 0000 y
convulsions, nor with asthma, insanity, or spitting we the 01itei
that I am not afflicted with habitual cough, dis-easea e'ortea tot
nor with any other disease or disorder tending to all
teteeehit
sts nst and that the foregoing proposal contains a true h. a oal
every matter and thing thereby required to beset fort% oot cot
I am now in good health ; and I do declare that I bs.ntinfPf
cealed or withheld any matter or circumstance touchil g
or present state of health,-habits of life, or condition,:arclOfea'ae
render an insurance on my life more than usually bte 000,
with which the Directors of this society ought ta 11,,,ted7toy
quainted; and that my private referees are well acce-% as
and fully competent to give, the requisite inforinati4lb`st
habits of life. And Ido declare that this declaration -, iii
basis of the contract between me and the said soviet) ,
said ?De
if any true allegation or statement be contained in tio:etiqiell
• Won' esti( pose!, or in this declaration, or if any meter= neys
omitted which ought to be contained therein, all me aecol„ielif
shall have been or shall be paid to the said society, 0.0 so' ,
such insurance, shall be forfeited to the use of the
and-the policy be
atebsolutely nulLand void." be a"
Now, looking the wording of this clause, it MaY „jag trot
without much exaggeration, that there is no holna,Pbts-co„nf 1115
earth who, looking on it as the literal condition e' vent4lg
e cie
with a company, can possess a certainty that the ape re a
death will place his family in possession of the spilt re
the agreement. It is a professional notoriety thaLefore t7,y the
merous diseases which may be in native play long, Yet,corad,
istence is suspected by the patient or any one els,;*teral citiB,t"
contrivance of making the proposer warrant the•o 0. le ft"
svf •lb t
of numerous statement,, the clause above that
iolo „vieo and nullify the policy, if it could be proved that the instr'car.:
had commenced his ravages at the period when tiieo: 8,-;acY
was issued. The responsibility of the party efreeLna' etinia-efe
ance is unconditiona, and wholly irrespective of,tl'„teria"
of every the iss
whether the "omission" of any fact, material or lab— dec.eire
wilful or not. • le
old) a islt
The person who makes the statement must na „ta wor
has..herate es,
that he makes no wilful mis-statement—that he
held any matteror circumstance," and observe, not dr'rntiollos
of design, but that he has not done so at all. The dnd
quired is absolute as to circumstances or possibilities hel.e
sphere of human knowledge; and the n:sponsibily of Do'
rant is equally absolute, no matter flow innocently he ii or
90d pot
been led into error.
Lord Eldon 01' s'
divided responsibility of the assured. Thus,
hear of any distinction as to whether an omission has
~hee7,tbs;
terial or immaterial. "If material," his LOrdship obsel4,eare as;
a materiality may be inquired into and shown ;. but as
warranty, it is part of'the contract that the matter Vt:vs/fop
All the authorities are of the same opinion as to the sole 0,1100
represented to be ; therefore materiality or imnvater,lbis fles'
nothing. The only question is as to the mere far. od
has been affirmed, to the total ruin of families, by pet e
ebbahos
sions of the Courts.
dole art/ oat
It may perhaps be- supposed that however& tee P ~spet
narrow the meshes which are entwined round nd
life is the subject of assurance—however minin`, clA'to tartV
and liable to error are the facts, and yet stringen's-apon •-•erY 1.'";
of law are the terms of the declaration he is callel. oat 1,-
yet that by great care he may be able to comPll 1301 ,f lump
and scroes eLsrfef,si
mend, and escape without a forfeiture of his policl,:anded
cannot do • for there is something yet more depi'oent 80'
before he 'becomes entitled to a policy—a require 0010
the greatest amount of care, and prudence,
racy is of no avail. The proposer must give the niorns 'eats je
cal attendants and two friends, each of whom ,reststen,, tag
to a long list of questions, and the facts and is not
acquainted with any one of them, are yet as much 1% or in", an'
received by the compaily, although the proposer,,;l,, 50.1.401;
/stet Ole
warranty as his own declaration so that a w re 0 e
error in answer to any of the questions put to ,ledtn froenfthof
as effectually vitiate the policy as if had Prec- onriPl
assured himself. We can make room for only one!„,,epontteel
provisions just noticed, which we select -from aMable O.;
similar cases, and from the practice of a highly nagrewsiaTo
Wilshere v. The Law Life. Wilshere resided near rit„ 111
on several occasions had consulted a London phYsi„cliereaea'
health, besides having the advice of a country ge''„d, 01;0,
came to London to effect an assurance on his life, "attetll'o.sori
to the question, " Who is your ordinary medic?' with or
gave the name and address of the London physielar dire,Derl
report and that of their own medical examiner, the.t „psi;
the company were satisfied. Some years after te'iit the;sa,
died, and his executrere defeated in a claim agnyar frosta
patty for the sum assured, merely, and upon no f
ought to have been inserted in the proposal. therif°
because the name of the -surgeon and not that of t 4,sif
mind a general feeling of insecurity in Life Assuran,c..
In consequence of this state of matters, there arose o,hic_ll"nrfs.
increased by the perusal of numerous cases occurrino.Teo 11.14
ei
of law and reported in the newspapers, most rut ilia,ries,
instance of assured parties against Life Companies, 01 60 re
them in which Life Companies were arrayed against doble,t tP
The great desideratum was to make policies indfai.% ss ne
to remove all doubt, and -dissipate every apprehensl'ineoe
certainty of the sum assured being paid when it beta
,„e
whereby the public generally would be benefited, and 1"
of Life Assurance niuch'extended. o/c
" The Indisputable Life Policy Company" widest° ss ,
and in order most effectually to make the policies thel,s' erV
disputable and certain documents of security, they creol
following clause in their Deed of Settlement, theref)o'oefiti
an effective and legal obligation, imperative upon the L',,rto he
fulfil, and which it is-tie right of every assured mow" ,ell"
r 01
Clause 84. " That every Policy issued by Ike Comyu'l'ilicoP,',
and insist which it
and indisputable, and the fact of issue
shall be conclusive evidence of the validity of the P°List,,,if shall not be lawful for the Company to delay Paklo`" r'
money assured thereby on the ground of any erro'; 01 lop ,I'h ,
to,,i
omission, however important, made by or on the pa,l.'
son or persons effecting such Assurance •;and tha" ,slit'd be
Oar'', the amount so assured shall be paid at the t1'0740 of
by the Policy, as f ;w suck error, nil:take, or omistt eeJ
made or discovered." ed
rte ter to
We have said that the above clause forms a Part,,?O„tiasor
Settlement of the Company, and that deed beina„,
terms of the Act 7 and 8 Vict. c. 110. there is notilt"irtal
give it the fullest effect. It is not merely to be 'e„tiaigat_co,'"o.
spectus or °then circular, which may or may not be 'f'ortos re Pre
the Company, according to circumstances, but it A it,eeph°,e..
ponent part of the existence of the corporate hod) as as t.,ft 0 cs'es
are of is
is not enough.. Such a clalis„'„e !nag oe
quired to give legal efficacy. it appears to cid' of leo
fully and anxiously prepared, for the purpose folitCe serve
every ground and pretext of dispute as to the 'OO,lO to
Policy; and-we confess that we cannot fins' anY tweloa,
of sentences more operative, effective, or colliP7,oo „.`ith,xes
purpose. In order the more effectually to e';o" se ',"rs'sls,-,
would invite our readers to compare this e'' tee; j'atir,"
law as laid down by Sergeant Marshall in P',-,pY
already quoted from that learned authOritY•cooPir Alf;
putable clauae says—" Every policy issued by th„e„,ool,.f.asl.!a
be indefeasible and indisputable, and the fact of "
shall be conclusive evidence of the validity of the P i °in t
Sergeant Marshall, speaking of the clause ordinaTureectedlelo
policies, says, "It is quite immaterial for what Pisa ankle °
what view it [a warrant] is made ; , but- being oneyi deli 00;
policy, it becomes a binding condition on the asee Fatio.ll4
he can show that it has. been complied with, D
•- eta aa"aolt-,a
benefit from the policy."' In other words, an inwejen 'et '
when once issued, declares that, de facto, all pre ordin ofitollY
are held to have been_ finally settled, whereas 'l,nin scindira declares on the face of it that the Directors rehey 10' thenr;
keep all these questions open to dispute, until I'mattePero'i
paid the amount of the policy to the executors. the "", tie et
putable clause says, "It shall not be lawful fer„nd 01 t ,an
delay payment of the money assured, on the gr°l;yorfr,Seraaar',
mistake, or oroisaion, however important, raiwee s
of the person or persons effecting such insuranc',oo!3,stneria
Marshall, on the other hand, says, "Tim very 73een sro tra,eflce
ranty is to preclude all
_question whether it haL„ted,"oeallasaln,,
complied with or not. Whether the thin.' sra,'"f Jun,. the 01),
mis-information, or any other cause, the cons 2,i the
stireo_riat.
or not, whether the breach of it proceeded froincurenceitroplitsoll
—i.e, the policy is void," In the next Place' so Poch ser
clause says that, "oil the contrary, the amollas if ao,, gr1.490,i
be paid at the time stipulated by the PalieY'eswered. tract pill
mistake, or omission, had been made or tits the con is cotnAece.
geaut Marshall says, "The warranty makes rsanll.ooll
toiroincgoth?it
not
,t thhaepp assurer
ia c if the lea ted joss,
(helical ; that is, it shall be binding .srran ny f
did
with. The only question is, has the thing " for o,‘ tft 0,,f
brea€
this in p %obi;
rattly." Can anything be more conclusiye,S, The
,1000 jeatre
the superiority of the Indisputable polincs4dioark.,l'by lftfol
Policy settles all precedent questions—?„vdeslarVemth,cPeo t;
iostisneogtueanncsewoe.fratft.beso
them all unsettled. An Indisputable Policy se
age, &c., of the assured are, as far as the (-50''
leaVes -mscharkatree
set at rest for ever—an ordinary
beenunoaar
open to dispute, until the claim has act 72,
London Indisputable Life Policy CoMPai':'
fact of its issue, that all questions relatinE t_opta-t-iy iittise:;6lo.lllt.
--Manager, ALEXANDER ROBERTSON.
S S
NEW FANCY II choice
bond a ton
FANCY DRESSES Assortment of NEW FAN
18s• 9j.'
Trade, from 10s. 9d. upwards. ROBE' t
THE NEW TCHERNAYA
blislimen •
et.
to be had only at this Esta_,,,,s,
..gre
HARRISON BROM:0-71,100ver
HARRISON BROTHERS have.nss°Ews7Or the Au
60 and 62, CHURCH-STREET, corn'

the
Printed ar
(oP)ti7Fpllci Proprietor, ROBERT
ORP. 04bB:EisRis'erTd.
L_Lizcl--street, at the STANDARD GENERAL 1111:,..,,,001.'"
CE
Tuesday, OctAer 2, 185/.

i