The Sun.
London, England, 1850-09-17 00:00:00

DISPUTED LIFE POLICIES

" A trial of considerable interest to Life Assurance Offices and the
public was concluded yesterday in the Court of Exchequer. The
Eagle Company held a policy for an assurance of 5391. in the Albion
Company as security for an advance, the payment of which policy
was now disputed by the Albion, on the ground that at the time it
was effected the lace of the assured party having been a man of in-
temperate habits was concealed from the office. The chief evidence
turned upon the question as to the degree of intemperance that had
been exhibited, and the resu't was, that a verffict was given against
the resisting office, not only for the amount of the policy, but also for
40/. interes from the date when it became due. The circumstance
of thiaction being brought by one office against another presents a
striking illustration of the uncertainty which may attach to all po-
licies under the resent system, and shows that the only mode by
wh:ch absolute security can be obtained by the public must lie in the
general adoption by ASsurance Offices of the plan of prole :zing them-
selves in every .case by dua inquiries before the grantim • f each po-
licy, and of after wards assuming the full responsibility of the com-
pleteness of such inquiries by holding themselves precluded from
raising any future question. In the present case two offices are
found to be diametrically opposed in their opinions as tc what can
properly invalidate a claim, and yet the public are expected to be
able to guare themselves against such contingences. Similar cases
have occurred before, and even if they were more rare, they would
seriously injured the progress of life assurance. The very principle
upon which the business is founded is the removal of uncertainty,
and whenever that principle is counteracted in the slightest degree,
the people who would be the first to resort to its advantages are the
first to be deterrtd."—Times, July 11, 1850.

rinliE LONDON- INDISPUTABLE LIFE
POLICY COMPANY__

No. 72, LOMBARD-STREET, LONDON.
TRUSTEES. • •
1. Campbell Renton, Esq., M.P. Richard lapooner, Esq., M.P.
Richard Mann% Esq., I James Fuller Madox, Esq.

Willem Wilberforce, Esq.
DIRECTORS.
Robert Henry Forman, Esq.
Tohn Hamilton, Esq.
fames Fuller Madox, Esq.
John Matthews, Esq.
C. Octavius Parnell, Esq.
AUDITORS.

William Adams, Esq.
John Atkins,•Esq. • - •
henry Augustus llevan, Esq.
J. Thompson Bramwell, Esq.
John Dangorf told, Esq.

G,orgo Cumming,

!James Turner, Esq.

WilLtim D. Staring, Esq. !David Henry Stone, Esq.
SECRETARY—David Alison, Esq.
HANN ERB— Messrs. Spooner, Attwoods, and Ca.
i .:.PADIIIIVTON LOCAL :HOARD.
24, Connaught-terrace, Edgware -road.
Rev. James She rbold Boone, A.M.,. Stanhope-street, Hyde-park.

Captitin Creed,;Norfolk- crescent, Oxford-square.
Charles Pemberlion, Esq., Eastbourne-terrace, Hyde-park, and Lin.

coln's Inn-fieles.
Thoitias Jervis Amos, Esq,,TOrk-street, Portman-square.

George Y. Robson. Esq., Eastbourne-terrace, Eyde-park, and New.
square, Pcoln's Inn.

Secretary, Chas. Hoghton, Esq.

The POLICIES of this Company, being INDISPUTABLE, form
Family•Provasions and Negotiable Securities, for their validity is not
dependent, asl in the case of ordinary Policies, upon the import of
previo.ug reports and other documents.
•• - •

Owing to this important improvement in the practice of Life As-
surance, the px;ogress of this Company has been rapid from the com-
mencement of ilts business, and is steadily advancing.
Copies of thei Report of the last Annual Meeting will be fcrwarded,
on application„ to Solicitors, to whom Commission is allowed.
ALEXANDER ROBERTSON, Manager.