TONTINE INSURANCE
(By Telegraph.—Press Association.) G'HRISTCHUBCH, This Day. Judgment in favour of certain pol-icy-holders iv a dispute concerning an insurance scheme promoted twenty years ago under the Tontine system, was given by his Honour Mr. Justice Adams, to-day. He held that'an insured person who had failed to pay premiums for a period exceeding one year, and whose policy had been protected, out of the surrender value, was entitled to participate in the profits of the fund, even if such policy were transferred to the trustees of the fund; also, that an inlsurcd person 'whoso bonus additions were more than sufficient to protect the policy until maturity •was- entitled *to I participate in the profits'of the pool." ,
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Bibliographic details
Evening Post, Volume CV, Issue 118, 21 May 1928, Page 10
Word Count
116TONTINE INSURANCE Evening Post, Volume CV, Issue 118, 21 May 1928, Page 10
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