The Sun. — 1840-07-20 (London, England)

GENERAL LIFE ASSURANCE COM PANY." The Board of Management is composed of Shareholders and Policy-holders, the majority being assurers to the extent of 2,0001. each with the institution. The holders of Policies for the term of Life for 2,0001. and upwards, qualified to became Members of the Board. The Auditors are policy-holders, and the holders of policies for the term of Life for 1,0001. and upwards, qualified for that office. The holders of policies for the term of Life for 1,0001. and upwards, have votes in the election of Auditors. The Trustees to be nominated by the Metropolitan Board, and by the Local Committees, the latter in each case to be composed of a majority of the holders of policies for the term of Life for 1,0001. and upwards. The Funds of the Company to be rested in the Trustees, none of whom are to be Shareholders, but all of whom may be Policy-holders, who are to have a poxer of intervention in the affairs of the Institution for the protection of Assurers. No severance to be made of the assurance fund, nor any dividend paid upon the capital stock, until a Report, approved by the Auditors, shall have been made of the debts, credits, and precise state of the Institution, showing the estimated profit, a cautionary reserve to protect against casualties, and the sum applicable to meet the outstanding engagements to the Trustees, who are vested with a veto against the payment of an excessive dividend. No claim upon a policy to be resisted, except upon the authority of a special report and recommendation of the Committee of the district within which the policy was effected, showing a fraud upon the Company, or some well-grounded objection to an unjust demand. All claims payable within one month after proof of death. Ten per cent.. on the sum assured may be received immediately after satisfactory proof of death shall be afforded, whenever the circumstances of the claimant shall render such an accommodation essential. No proof of birth required after a claim shall arise, as the age of the assured will be at all times admitted in the policy. Fraud only to vitiate a policy, and all disputes to be settled by arbitration, at the option of the assured. Policies assigned, or duly deposited, as equitable securities with creditors, not vitiated by suicide, death by duelling, or the hands of justice. Unopposed probates and letters of administration of diocesan Courts entitle claimants to receive the sums assured in this office without being subjected to the expense or delay required to obtain the usual authority from the Prerogative Court. Policies forfeited by non-payment of premiums renewable upon satisfactory certificates of health, and the payment of the premium in arrear with interest thereon, with a small fine to be fixed by the Board. Females and others to whom it maybe inconvenient to appear before the Board will be attended by the Medical Officers of the establishment. A Committee of the Managers and the Medieal Officers attend daily for the dispatch of business at the office, where . every practicable facility is given for the completion of proposals ' for Assurance, and where every requisite information relative to the establishment may be obtained. A reserve of Shares has been made for appropriation in the i country, and applications for them, and for the office of Agent ' to the Institution in the different towns of the kingdom, are I retimsted, addressed to C. F. S,IRKM/ON, Esq., Resident Manager, . 2-5, 7S,vy, Bridge-street, Blackfriars.  Company's Offices, Manchester, July 9, 1840. MANCHESTER and