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

INDISPUTABILITY the ONLY COMPLETE
SECURITY is LIFE ASSURANCE.
WRAY IS MEANT BY AN INDISPUTABLE POLICY ? In
the first place it is unlike other policies, the adjective being used to
Imply something to mark and disti• guish 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 undertook this task, and in
order most effectually to make the policies they issued indisputable
and certain documents of security, they inserted the folowing clause
in their Deed of Settlement, thereby creating an effective and legal
obligation, imperative anon 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 by the Company shall be in-
defeasible and indisputable, and the fact of issuing the same shall be
conclusive evideece of the validity of the policy ; and it 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 male or discovered."
We have said that the above clause forms a part of the Deed of
Settlement oft he company, and that deed being registered in terms of
the Act? and 8 Vict., 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 would invite 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 dense ordinarily inserted in policies,
says, " It is quite immaterial tor what purpose or with what vi w
it (a warranty) is made; but, being once inserted in the policy, it
becomes a binding condition on the assured, and unless he can show
that it has been complied with, he cal derive no benefit from the
policy " In other words, an indisputab`e policy, .hen •nce 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 paid the amount of the
policy to the executors.
The Indisputable policy settles all precedent questions—an ordi-
nary policy leaves them .111 unsettled. An Indisputable policy de-
clares by the mere fact of its issue that all questions relating to the
health, habits, age, &e., of the assured are, as far as the Company
Is concerned, set at rest for over. An ordinary policy leaves all
these points open to dispute until the cleim has actually been dis-
charged.—From Register.
LONDON INDISPUTABLE LIFE POLICY COMPANY, 72,
Lombard street ; 24, Connaught-terrace; 3e, Denbigh-street, Bel-
grave-road, London.
CHAIRMAN—Lord Viscount TORRINGTO.N.
MANAGER—ALEXANDER ROBERTSON.