The Sun.
London, England, 1850-10-22 00:00:00

DISPUTED MITE 7 GLICIES.

" A trial of considerable interest to Life Assurance Offices and the
public was concluded yesterday in • the Cet trt of Exchequer. The
Eagle Company heid a policy for an assun m ce of 5.391. in the Albion
Company as security for' afi advance, the payment of which policy
was now disputed by the Albion, on the g 7, mild that at the time it
was effected the fact of theitssured party ;Laving been a than of in-
temperate habits was concealed from the office: The chiet,evidence
turne 1 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, not only for the amount ..of the policy, but also for
401. interest from the date when it becarcke• due. The circumstance
of tile action being brought by one office against another presents a_
striking illustration of the uncertainty wh c is may attach to all po-
licies under tile present system, and show 3 that the only mode by
which. absolute security can be obtained by- the public must lie in the
general adoption by Assurance Offices of tit plan of protecting them-
selves,in every case by due inquiries before, the granting— f each po-
licy, and of afterwards assuming the full a, asponsibility or the corn=
pleteness of such inquiries by holding Ma mselves precluded froth
raising any future question. In, the present case two offices are
found to he diametrically ppposed in their , opinions as tc what can
propeily invalidate a claim, and yet the public are expected to be
able to guare themselves against such cont.' ngences. Similar cases
have occurred before, and even if they wert more rare, they would
seriously injure the progress of life assurer ce. The very principle
upon which the business is founded is the -r emoval ot 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 deterred."—Times, July 11, 1850.

THE LONDON INDISP U TABLE LIFE
POLICY COMPAZ-Y,
No. 72, LOMBARD-STREET., LONDON.

TRUSTEES.
r. Campbell Renton, Esq., M.P. Richard Spooner, Esq., M.P.
Richard Mauna, Esq.,
_9•C• I James "eviler Madox, Esq.
William Wilberforce, Esq.
DIRECTORS.
Robert Henry Forman, Eeq.
John Ham iron, Esq.
lames FuL'er Madox, Esq.
John Mattaews, Esq.
C. Octav:u I Parnell, Esq.

iVilliam .Adarat, Esq.
John Atkins, Esq.

henry Augu4usllevan, Esq.
S. Thompson Bramwell, Esq.
John Dangertleld, Esq.

(I Purge Cumming, Esq.
William D. Starling, E3q.

♦UDITORS.
!Jaw!Leg 'I ur ner, Esq.
'David Henry Stone, Esq.

SECRETARY—David Al6on. Esq.
BANKERS Messrs . Spooner, An- praxis, and CO.
PADDINGTON LOCAL BOARD.
24, Connaught-terrace, Edgew arc.road.
Rev. James Sherbold Boone, A.M., Stanhope •street, Hyde-park.
Captain Creed, Norfolk-crescent, Oxford-squs re.
Charles Pemberton, Esq., Eastbourne-terrace , Hyde-park, and Lin-

coin's Inn-fields.
Thomas Jervis Antos, Esq., York-street, Ports nan-square.
George Y. Robson, En, Eastbourne-terrace, Hyde-park, and New-
square, Lincoln's Inn.

Secretary, Chas. Hogbton, Esq.
The POLICIES of this-Company, being n MTSPUTABLE, form
Family Provisions and Negotiable Securities. -for their validity is not
dependent, as in the case of ordinary Polkas% 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 hss rapid from the com-
mencement of its business, and is steadily adv %ming.
Copies of the Report of the last Annual 11 eeting will be forwarded,
on application, to Solicitors, to whom Corn mission is allowed.
ALEXANDER R(113 ERTSON, Manager.