A Treatise Upon the Law of Life Assurance: Upon the Constitution of Assurance Companies, the Construction of Their Deeds of Settlement, the Sale of Reversionary Interests, and Equitable Liens Arising in Connection with Life Policies : with an Appendix of Precedents for the Assignment of Policies by Way of Sale, Mortgage, and Settlement, Notes of Cases, Statutes, and an Index of Private Acts Obtained by Insurance CompaniesT. & J. W. Johnson, 1854 - 376 pages |
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Page 19
... interest in the life or death of the persons insured . I. " Whereas it hath been found by experience that the making assurances on lives or other events wherein the assured shall have no interest , hath introduced a mischievous kind of ...
... interest in the life or death of the persons insured . I. " Whereas it hath been found by experience that the making assurances on lives or other events wherein the assured shall have no interest , hath introduced a mischievous kind of ...
Page 21
... interest in the assured in order to give validity to it at its inception , but continuing good only so far as it is rendered so by the permanence of such an interest . " This assurance , " said Lord Ellen- borough * in the case referred ...
... interest in the assured in order to give validity to it at its inception , but continuing good only so far as it is rendered so by the permanence of such an interest . " This assurance , " said Lord Ellen- borough * in the case referred ...
Page 22
... interest or no interest , policies upon ships were permitted until expressly forbidden by the statute * 19 Geo . [ * 9 ] 3 , c . 37 ; and that if this was the case with marine , à fortiori it must have been so in life insurances , since ...
... interest or no interest , policies upon ships were permitted until expressly forbidden by the statute * 19 Geo . [ * 9 ] 3 , c . 37 ; and that if this was the case with marine , à fortiori it must have been so in life insurances , since ...
Page 23
... interest and which was silent on the subject was void , on the ground that the contract was one of indemnity only ; that , even if a wagering life policy were lawful , it could only be so ( according to the rule in marine insurances ) ...
... interest and which was silent on the subject was void , on the ground that the contract was one of indemnity only ; that , even if a wagering life policy were lawful , it could only be so ( according to the rule in marine insurances ) ...
Page 25
... interest at the time at which the policy is effected ; and this interest , which , when sufficient to support an insurance , is termed an insurable interest , must be pecuniary ; no ties of blood or affection are sufficient . The interest ...
... interest at the time at which the policy is effected ; and this interest , which , when sufficient to support an insurance , is termed an insurable interest , must be pecuniary ; no ties of blood or affection are sufficient . The interest ...
Contents
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Common terms and phrases
A. B. doth Act of Parliament action agreed and declared amount annual premium apply appointment assigns Beav benefit certificate chose in action claim clause committee common seal complete registration consideration contract Court Court of Chancery court of equity covenant creditor death debt decease deed of settlement directors duty effect enacted entitled equity execution executors and administrators executors or administrators funds further or renewed given granted grantor hereinafter indenture instrument insurable interest insurance companies insurance office intended joint stock companies liable Lord manner marriage ment mortgage notice obtained paid Parliament party payment person or persons plaintiff policy of assurance policy or policies premises provisions purchaser purpose question receipt received registered remainderman renewed policy respect settlor shareholders shares society stamp statute sum assured sums of money testator thereof tion transaction trustees or trustee unto vendor vested Vict void
Popular passages
Page 267 - Orders of The House, examined the matters to them referred; and have agreed to the following REPORT...
Page 206 - INSURANCE, or other instrument, by whatever name the same shall be called, whereby any insurance shall be made upon any life or lives...
Page 119 - Upon a motion for a rule to show cause why there should not be a new...
Page 275 - ... any annuity or rent-charge shall, from and after the passing of this act, be granted for one or more life or lives...
Page 265 - No person or persons shall after the passing of this Act, by any deed or deeds, surrender or surrenders, will, codicil, or otherwise howsoever, settle or dispose of any real or personal property so and in such manner that the rents, issues, profits, or produce thereof shall be wholly or partially accumulated for any longer term than the life or lives of any such grantor...
Page 275 - ... on one or more life or lives, a memorial of the date of every such deed, bond, instrument or other assurance, of the names of all the parties, and of all the witnesses thereto...
Page 87 - ... in any of the parliamentary stocks or public funds of Great Britain or Ireland, or at interest upon government securities, or in...
Page 306 - ... shall have been exhibited or taken by or before such Justice ; and all such proceedings by summons without information shall be as good, valid and effectual to all intents and purposes as if an information in writing had been exhibited.
Page 282 - Matter; that is to say, Words denoting the Singular Number are to be understood to apply also to a Plurality of Persons or Things; and Words denoting the Masculine Gender are to be understood to apply also to Persons of the Feminine Gender, and the Word "Person" shall apply to bodies Politic and Corporate; and the Word "Parent...
Page 281 - And be it enacted, that the following words and expressions are intended to have the meanings hereby assigned to them respectively, so far as such meanings are not excluded by the context, or by the nature of the...