The Sun.
London, England, 1850-10-08 00:00:00

DISPUTED LIFE POLICIES.

" A trial of considerable interest to Life Assurance Offices and the
palic 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 fact of the assured party having been a man of in-
temperate habita wax concealed from the office. the chief evidence
tame i upon the question as to the degree of intemperance that had
been exhibited, and the result was, that a verdict was given against
the resisting office, riot only for the amount of the policy, but also for
4T52. interest from the date when it became due. The circumstance
of the action being brought by one office against another presents a
striking illustration of the uncertainty which may attach to all po-
licies under the present systere, and shows that the only mode by
which absolute security can be obtained by the public must lie in the
general adoption by Assurance Offices of the plan of prote.lting them-
selves in every case by due inquiries before the grantim" f each po-
licy, and of afterwards 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 injure the progress of life assurance. The very principle
upon which the business is. founded is . the removal of uncertainty,
and-wheneeer that.principle is counteracted in the slightest degree,
the people who would bei the first to resort to its advantages are the
first to be deterred."—Times, July 11, 1850.
THE Lo,Npo.N. INDISPUTABLE LIFE
•• -• ." POIAOY 'COMPANY
No. 72, LOMBARD-MEET, LONDON.
• TRUSTEES.
r. Campbell Renton, Esq., M.P. Richard Spooner, Esq., M.P.
RRichardQ.C. I'james Fuller Madox, Esq.
William Wilberforce, Esq.
DIRECTORS.
Robert Henry Forman, Esq.
lohn Hamilton, Esq.
fames Fuller Madoz, Esq.
John Matthews, Esq.
..• C. Octavius Parnell, Esq.
AUDITORS.
J avies Turner, Esq.
iDavid Henry Stone, Esq.

William Adams, Esq.
John Atkins, Esq.
Henry AngustnS Bevan-, Esq.
J: Thompson Bramwell, Esq.
John Dangerrield, Esti.
.2 7

George Cumming, Esq.
William D, S.tazling, Esq. ,

SECRETARY—David Alison, Esq.
- • . Baxiiiah--liessrs. Spooner, Attwoods, and CO.
• PA.DDINOTON LOCAL BOARD.
• 24, Connaught-terrace. Edgware -road.
Rev. James Sherbold Boone, A.M., Stanhope-street, Hyde-park.

Captain Creed, Norfolk-crescent, Oxford-square.
Charlea Pemberton, ssq., Eastbourne-terrace, Hyde-park, and Lin.
.coin's Inn-fields.
Thomas Jervis Antos, Esq., York-street, Portman-square.
George Y. Robson. Esq.,-Eastbourne-terrace, Hyde-park, and New
square, Lincoln's Inn.

Secretary, Chas. Hogitton, Esq.

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

Owing to this important improvement in the practice of Life As.
surance, the progress of this Company has been rapid from the com.
mencement of its business, and is steadily advancing.

Copiek'of the Report of the last Annual Meeting will be forwarded,
on application, to Solicitors, to whom Commission is allowed.

ALEXANDER ROBERTSON, Manager.