The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1855-10-09 00:00:00

Insurant Notcts.

SUN COll
LIFE ASSURANCE SO
arti LONDON. :nste
.•,i ~cirv;;
Policies effected with this Society now, rotoflr.„
FOUR-FIFTHS OR 80 PER CENT. of the N
ill
0`
the Society, according to the conditions contained
le
Prospectus.
The Premiums required by this Society for. illestacts!
Lives are lower than in many other old-estr
Insurers are fully protected from all risk
rantee fund, in addition to the accumulate
investments of Premiums.
Policy Stamps paid by the Office.
Prospectuses may be obtained at the 0;
street, London, or of any of the Agents of ,
CHARLES HENRY LIDDJ
AGENTS AT LIVERPOOI
NICHOLAS D. BOLD, 4, Exchan;
EDWARD HIGGIN and CO, IF

CORPORATION OF T
ASSURANCE

ESTABLISHED A.D.

No. 7, ROYAL EXCHANGE,
AND
N 0.7, PALL-MALL, LO,

Edward Burmester, Esq., Govern,
John Alves Arbuthnot, Esq., Sub.
Samuel Gregson, Esq., M.P., Dep

FIRE INSURANCES effected upon et
perty, with the usual reductions allowed 4
Certified Warehouses, 6-c.' and for single
to the lowest rates current.
FIRE NOTICE.

PERSONS ASSURED AGAINST FIR►
whose Policies expire at Midsummer, are
that, for their own security, they shoul
FIFTEEN DAYS from the said QUARTER E
LIFE ASSURANCES.—This branch of
ness is carried on without any charge
offers peculiar advantages to the Assured

- .
Prospectuses, Mercantile Fire Rates, an,
may be had at their Offices, or sent free,
JOHN SCOTT. 1, India-builds
C. F. CARNE, 13, Rumford-p 1
Agents for Liverpool and
EDWD. ROBERTS, Sandford.

INDISPUTABILITY THE a
SECURITY IN LIFE ASS
(Extracted from" The Re& „Ali'
r;
What is meant by an indisputable policy
is unlike other policies ; the adjective bet toe,
thing to mark and iistinguish such a poi _„,.t.„ecisC:tf/1.
cies. In the second place, it means much Din
the policy to which the epithet " Indisputathe„ces',lee'
be disputed, except upon grounds beyond the
the contracting parties to control. In other
represented as being as indisputable as man
Nothing can be more embarrassing than tl
who, after making payments to an Insuran,
twelve, or twenty years, on the suppoeitiol
ments be has purchased for his family the al
reversionary estate, is then told that at his
may receive such property, but that there is a s
sibility—amounting to a probability, that they
the contingency depends upon circumstances
foresee. Yet such is the position of those wi
responsible for the precise and literal accurst
in numerous documents and schedules whicl
of a policy. Take one of these schedules as
ments, upon the accuracy of each of wide]
the policy will ultimately be made to del
declare that my age does not exceed Ye,
cow-pox or small-pox (state which); that Ili
the gout; that I have not been afflicted I
convulsions, nor with asthma, insanity, or si
that 1 am not afflicted with habitual cough, e
nor with any other disease or disorder ten'
and that the foregoing proposal contains
every !natter and thing thereby required to l
I am now in good health ; and I do declare
cealed or withheld any matter or circumstai
or present state of health, habits of life, or
render an insurance on my life more than
with which the Directors of this society o
quainted; and that my private referees are
and fully competent to give, the requisite.
habits of life. And Ido declare that this deci
basis of the contract between me and the se
if any true allegation or statement be contai
posal, or in this declaration, or if any mat
omitted which ought to be contained thereu
shall have been or shall be paid to the said so,
such insurance, shall be forfeited to the use
and the policy be absolutely null and void."
Now, looking at the wording of this clause,
without much exaggeration, that there ie
earth who, looking on it as the literal cone;
with a company, can possess a certainty tl
t
death will place his family in possession of
agreement. It is a professional notoriel
nullifytuheipolicy:
merous diseases which may be in active play
istence is suspected by the patient or any 0
aanncdeiairnditlcvohuoliellybierrpersoLecdu.,,
contrivance of making the proposer warrae'
of numerous statements, the clause above
had commenced his ravages at the period
was issued. The responsibility of the par!'
whether the " omission" of any fact, 'enteral. print
wilful or not. st 11°' °n
eat
The person who makes the statement OU 110itrio,
that lie makes no wilful mis-statement—that e,tee.,.otl
held any matter or circumstance," and observeh,Ve decieyoo?
of design, but that lie has not done so at all. iiitio;tUC
quired is absolute as to circumstances or piss, hilv 03:1
sphere of human knowledge ; and the responsitii, he
rant is equally absolute, no matter how innOcen
been led into error. les°
All the authorities are of the same opinion as tot ewe ei„,
Lord sis /I
divided responsibility of the assured. Thus,
,ee
hear of any distinction as to whether an_oonriisssii,ooobert'pee,
terial or immaterial. "If material," his Lordship ,;(
rl
a materiality may be inquired into and shown ;
warranty,it is part of the contract that the mattef.rll,7
represented to be , • therefore materiality or inuniTll° A
flit' 7
nothing. The only question is as to the mere
._ ref 4
has been affirmed, to the total ruin of fannhe" mse 01; ottio
sions of the Courts. „ere, foe 11,01
It may perhaps he supposed that hc'd scetri:e se" esttttc.e
narrow the meshes which are entwine vieettio eo
life is the subject of assurance—however tn'T' yeti r
and liable to error are the facts, and yet se, relit,
of law are the terms of the declaration lie 'tel,'!, P"4 of al
yet that by great care he may be able teeeis poleei.enaen e;
mend, and escape without a forfeiture oft ore (?lieent,tiofil
cannot do; for there is something yet c'reenirerepte'of 07,1
before he becomes entitled to a policy---3 3,90 2,5 P%
the greatest amount of care, and prudence, the °tons op
racy is of no avail. The proposer must gillore re.vaes,
cal attendants and two friends, each of ,N'ts and 'is ag,tl
to a long list of questions, and the facpsef
received by the company, although the W'7oll,l'l eft t/
acquainted with any one of them, are yet at refe'jl
warranty as his own declaration, so thai; to tees,,,ed IV?
error in answer to any of the questions lON peeclutent4
as effectually vitiate the policy as if ha,",iyone,e'reeLle ;
assured himself. We can make room for °'rees a i,"sisuitoet
provisions just noticed, which we select;,,,,ie ressevytt
similar cases, and from the practice of a litri,eti nea.r $O,/
Wilehere as The Law Life. Wilshere resi"TheYslceef'
on several occasions had consulted a London ►, eee ', 104
entail e ro
health, besides having the advice of ac, is stf.,iry.
came to London to effect an assurance on tellieit
to the question, "Who is your ordinal's' 11 .steiatijell
gave the name and address of the London Pale, avs
report and that of their own medical es,. '"
,ttor t •p%trii
the company were satisfied. Some Yal.iie Weal/Vie,
died, and his executors were defeated in as• I, no
tt'el?
patty r the sum
theyassued, merely, and uPft
because the name of surgeon, and not pa 0;1
ought to have been inserted in the proPosai" aresece,f
In consequence of this state of matters, the
sose Ili
mind a general feeling of insecurity in Life Aserring4,ooo
increased by the perusal of numerous cases occfst 14
of law and reported in the newspaeers, 111%eies,,fuesetyl,
instance of assured parties against Life Coin! „ion
them in which Life Companies were arrayet.l!tldi ;op
The great desideratum was to make policies a_vois,
to remove all doubt, and dissipate every aPPi' af
certainty of the sum assured being paid w.heen,
whereby the public generally would be benefit u
000T101
of Life Assurance much extended. n ,efir
•
"The Indisputable Life Policy CompanY" 00,1;4,5
and in order most effectually to make the poll' tee 0)
disputable and certain documents of security, dee ie.,
following clause in their Deed of Settlementhojef ;so ;
an effective and legal obligation, imperative M, sir
faint. and which it is tee right tit every assured A,
and insist upon
Clause 84. That every Policy issued by the 7 foo
indefensible and indisputable, and the fact 04,17
shall be conclusive evidence of the validity of `
shall not be lauful for the Company to delaViel "1144
money assured thereby on the ground of an° eP,I,j. Is'
omission, however important, made by Or on th #9 )11
son or persons effecting such Assurance; me o,ie esl',l
trary, the amount so assured shall be paid a, en' Orel
o. e f
by the Policy, as if no suck error, mistake, or
aft
made or discovered." not,
We have said that the above clause forms? 6e00,11 0141,
Settlement of the Comny, and that dee? oetheee!ellee
terms of the Act 7 ands iet. c. no. there is ye frpOro 04(0
give it the fullest effect. It is not merely tOlOl follierd.,
spectits or other circular, which may or inaY lt it A tI.IA
the Company, according to circumstances, bediee..9l,eg
ponent part of the existence of the corporate„ cievsie
miss of indisputability is not enough. Such 's to l'of
is required to give legal efficacy. It appearso of .9
fully and anxiously prepared, for the Purl tile :001:,,g,
every ground and pretext of dispute a' t°l tP:$
Policy; and we' confess that we cannot tin' cetvesse,"
of sentences more operative, effective, 0,1- to jito'r Ct its
purpose. in order the more effectually is fe ifei.
would invite onr readers to compare
law as laid down by Sergeant elarsh;oritl'eiAe
already quoted from that learned stitil tp4,110114
putable clause says—" Every policy issued, (tee of„ t,
be indefeasible and indisputable, and thelate
shall be conclusive evidence of the validitYoril,'6itys,r ee
Sergeant. Marshall, speaking* of time clanseos",e'"esit'46',
policies, says, "It is quite immaterial for eefiatti",,seeie
what view it [a warrant] is made ; but be."'s " is'
II- pest lief
policy, it becomes a binding condition on tite, aft'(t,
he can show that it has been complied ei'„
benefit from the policy." In othernwords, words, °Pileae
when once issued, declares that, de facto, '!e,is vioce
are held to have beets finally settled, whetrs r'ileY "let es 9,
declares on the face of it that the Directuotil t
keep ail these questions open to dispute, r tlieof antliey
paid the amount of the policy to the weeclial f°,;,inde;osestyi;
putable clause says, "It shall not be on gr"eyaiiro
delay payment of the money assured, on s 0.01 e„•
mistake, or omission, however importaret'seranc„o`esna'o7oW
of the person or persons effecting suc!!..n been 6015 jt
Marshall, on the other hand, says, " has see
rally is to preclude all question whether ' werr'freile' is tg''silo
complied with or not. Whether the thing fl.OlO
or not, whether the breach of it proceehe oeaseq tee Sip hit
mie-information, or any other cause. th.et place'e st'tie'otiCsici
—i.e, the policy is void." In the IT",, B,noilis if n '4/
clause says that, "on the contrary, tei'otiey, s4eeenetsiee
be paid at the time stipulated by the rescnie coy ft
mistake, or omission, had been nuide;ieees `l.,,eatiideefe4
geant Marshall says, "The warrtuitY the uleante',o4lAte
thetical •, that is, it shall be bindi?biog vial, for -I, or fry
with. The only question is, has
note
t ;_weetih„'betecs 11,11,
or not? If not, the assurer is not a"s" eftha„ tlilwetelr
though it did not happen in consequ'rusive roe 'll*"
relty." Can anything be mere cg,rpolicY :.(iielte.Y:teil4
the superiority of the Initisputa,LO`Os_an
Policy settles all precedent quesn
voila .0 tee "is tto
them all unsettled. An Inilisputais tip
fact of its issue, that all policy'tarquestionsre.'
liTes seesrreitr
age, &c., of the assured are, as.
,p le been
set at rest for ever—an ordiners s ao
open to dispute, until the claire
N
ComPa''Y'
London Indisp
xnYntsit Itonba•Tso
utable Life Pe !
)•
iagetema
set AP

GO and 62, ICNVATEURT
PrintedPProprietor,Noßp.
OFFICE,rIRNctEEV A lj v. g A
IC
WATERPROOF
91:1.1"ri,Pi)u;-p
NOW READY.
RHuitcrtHß.slSTOlticEEßT,BcCoitrTollerF,oflatioveritreet'
tv:
I,
LivatrooL: ..„,
club4B,l iss has!. epovEefiAroyan
seT:tf
QA
TnAi
slAc!e:
:,, ,
roizi p, f 11,, ,
ercy-street, at the STANDARD GERRAI' tor
Tuesday. October 9, 1855-
--

.tseic;cltbbfuYii:iclabsne'lde'Pireed Pr'?
gfice. Threa„A
r;
ttY
the Soder. ,corl
DERDALE, "
or.: west;
rfsfe.,,,Ht
3arned•-nut. n
rHE L 0 v"
.1720.
CORN`i
/NDON.
nor.
)-Gover,.or,
putY•°ver ot.
every descrillgini4
on and !,gt,ac''
managen.'
P!,lf
LE by this ivrr,r,,;"/
re renDectfut6eo',
old ren,evr
DAY ~0 ~porst/,,
f the %.,...,n9geol
r. for
nd all otlicai4i
all,,ter.o
dings, rp;
111P09°
1-street,l3l
gsTLY,O
iSURA'ej
cy
ois ?
eele
(}to A,ec
t
• tYe 1 10 vi"
eing 00

,
be re'rds, it, i
we 00% f! V°'
3
the 56oeltilueD
,nce pi af;pil.,;
aTso deetleg
&t cbse,b,
a glaY Ik'P!
leY ,Dic
Lces e
vbe.),
ac? °receJVl'
t& jest:lo
thej
00) I
thaiii(tfOi
-have (er,y#loiU
vinb ofreoqi
spiistetauss
nuding t1:50,°1..
s t '1(00.; $O4:,
be set I tete,
that to
ma non ',Pest'
r conult:pie,A
usnallYte be pe;f
eug"t ciia°ost
saed,'etforift
iteeinii nioe
en!
cietY, pot
the i/
it ena),ibleeilliii
tibtsbie ts eibeepreec4t
eiy tbtioreettj)
Ly 101;rer
°ne'
lit e.l ted fevoir
tnelot die .est
a. die I •-e
_OO5 if,