A short account of the Society for Equitable Assurances on lives and survivorships.

  • Society for Equitable Assurances.
Date:
1787
Catalogue details

Licence: Public Domain Mark

Credit: A short account of the Society for Equitable Assurances on lives and survivorships. Source: Wellcome Collection.

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    [ >6 3 If any premium remain unpaid thirty days after the time ftipulated in the policy, fuch policy becomes void bnt if the de¬ faulter (hall, within three calendar months after the time fo ftipulated, (the perfon on whole life the alfurance was made being then alive and in good health) pay the faid premium, together with the additional fum of ten fhillings upon every iooL af- fured by fuch policy, then fuch policy is revived and continues in force. If at any time it (hall appear to a Ge¬ neral Court of the Society, that the pre¬ miums received, and to be received, will not be fufficient to pay the claims, then the General Court are to direct a call to be made upon the feveral members of the fociety, in proportion to the fums then allured, for making good the deficiency ; for which call credit is to be given, and the call afterwards to be repaid, with in*> tereft, at the rate of 3 per cent* It a Call fhould at any time be requifite, (which is highly improbable) the members allured for a fingle year will be rated to¬ wards
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