An account of the several life-assurance companies established in London. Containing a view of their respective merits and advantages / [Francis Baily].

  • Francis Baily
Date:
1810
Catalogue details

Licence: Public Domain Mark

Credit: An account of the several life-assurance companies established in London. Containing a view of their respective merits and advantages / [Francis Baily]. Source: Wellcome Collection.

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    cs thereof, or subscribers thereto respectively) from any responsibility, contracts, duties or obligations what- “ soever; which, by law, they may (now, or at any u time hereafter) be subject or liable to, either as be- “ tween such society or partnership and others; or “ between the (or any of the) individual members of cc such society or partnership and others ; or among <c themselves ; or in any other manner whatsoever.” I cannot close this chapter without observing that, by statute 14 Geo. Ill, c. 48, it is enacted that no Assu« ranee shall be made on lives, wherein the party assured hath no interest; that in all policies the name of such interested party shall be inserted ; and nothing more shall be recovered thereon than the amount of the in¬ terest of the assured. And it has lately been decided that, although an interest existed up to the very time that the claim became due, yet, if. such interest be afterivards destroyed, the money could not be recover¬ ed. See (in East’s Reports, vol. 9, page 72) the case of Godsall and others versus Boldero and others, three of the directors of the Pelican Life Assurance Com- ? ' .i pany, who refused to pay the sum of <£500, insured on the life of the late Mr. Pitt, under the plea that his debts had been paid by Parliament; THE END.
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