The Sun.
London, England, 1856-01-31 00:00:00

INDISPUTABILITY the ONLY COMPLETE
SECURITY in LIFE ASSURANCE.
WHAT IS MEANT BY AN INDISPUTABLE tPOLTCY ? In
the first place it is unlike other policies, the adjective being used to
imply something to mark and distieguish such a policy from all
other policies. In the second place it means much more :it implies
that the policy to which the epithet Indisputable is given cannot be
disputed. except upon grounds beyond the reach and power of the
contracting parties to control. In other words, the policy is repre-
sented as being as indisputable as man can make it.
The Indisputable Life Policy Company undertosk this taslc, and in
order most effectually to make the policies they issued indisputable
and certain documents of security, they inserted the following clause
in their Deed of Settlement, thereby creating an effective and legal
obligation. imperative upon the Company to fulfil, and which it is the
right of every assured member to plead and insist upon.
Clause 84.—" That every policy issued be the Company shall be in-
defeasible and indisputable, and the fact of issuing the same sh +ll be
conclusive evidence of the validity of the policy; audit shall not be
lawful for the Company to delay payment of the money assured thereby
on the ground of any error, mistake, or omission, however import-
ant, made by or on the part of the person or persons effecting, such
assurance; and that, on the contrary, the amount so assured shall
be paid at the time stipulated by the policy, as if no such error,
mistake, or omission had been made or discovered."
We have said that the above clause forms a part of the Deed of
Settlement of the company, and that deed being registered in terms of
the Act 7 and 8 Viet., c. 110, there is nothing wanting to give the
fullest effect.
It appears to have been carefully and anxiously prepared for the
purpose of cutting off every ground and pretext of dispute as to the
validity of the policy ; and we confess that we cannot find any
words or series of sentences more operative, effective, or com-
pulsory for that purpose. In order the more effectually to show
this, we woald iavite our readers to compare the above clause
with the law as laid down by Serjeant Marshall in the passages
already quoted from that learned authority. The indisputable
clause says. " Every policy issued by the Company shall be in-
defeasible and indisputable, and the fact of issuing the same shall
be conclusive evidence of the validity of the policy." Mr. Serjeant
Marshall, speaking of the clause ord:narily inserted in policies,
says, " It is quite immaterial ior as hat purpose or with w hat view
it (a warranty) is made ; hut, being once inserted in the policy, it
becomes a binding condition on the assured, and unless he can show i
that it has been complied with, he ca , derive no benefit from ire
policy " In other words. an indisputab e policy, when once issued,
declares that, de facto, all precedent questions 'are held to have
been finally settled, whereas an ordinary policy declares on the face
of it that the directors retain the power to keep all these questions
open to .dispute until they have actually i aid the amount of the
policy to the executors.
The Indisputable policy settles all recedent questions—an ordi-
, nary policy leaves them all unsettled. Au Indisputable policy de-
clares by the mere fact of its issue that all questions relating to the
health, habits, age, &c., of the assure i are, as far as the Company
' is concerned, set at rest for over. Au ordinary policy leaves all
these points open to dispute until the cello has actually been die-
; charged.—From Register.
LONDON INDISPUTABLE LIFE POLICY COMPANY, 72,
Lombard-street ; 24, Connaught-terrace; 38, Denbigh-street, Bel-
grave-road, London•
CHAIRMAN—Lord Visconnt TORRINGTON.
MANAGER—ALEXANDER LOB ERTSON.