LIFE INSURANCE ACTION.
JUDGMENT RESERVED.
(BY TELIiQKAFH. —PRESS ASSOCIATION.)
Wellington, this day. Argument on the nonsuit points in the case of Bertie v. the Equitable Life Association Insurance Society of U.S.A., occupied a couple of hours this morning, and the Magistrate reaerved his judgment. The case for the defendant was the following :—That the plaintiff took out not au "endowment" policy, but a "limited payment." policy, to establish which they relied,upon the letters "Ltd. P." contained in brackets upon the proposal made by the plaintiff. The plaintiff, in cross-examination by defendant's counsel (Mr Skerretfc), denied that he had seen these marks on the proposal or policy, as he placed the policy in the bank when the insurance vras effected. A suggestion made by the defence was that the competition among <ca nvassinjj agents led them to make exaggerated representations as to results, bub the defendant company could not be held responsible for this. The learned counsel said the letters upon the proposal, "Limited, payment" were sufficient to identify the true nature of the contract. Under a ** limited payment" contract the defendants had done everything required of them by the plaintiffs proposal,
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS18891217.2.30
Bibliographic details
Auckland Star, Volume XX, Issue 299, 17 December 1889, Page 5
Word Count
191LIFE INSURANCE ACTION. Auckland Star, Volume XX, Issue 299, 17 December 1889, Page 5
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.