TONTINE INSURANCE.
BIGHTS OP POLICY-HOLDERS
SUPREME COURT JUDGMENT.
(By Telegraph.—Press Association.)
CHRISTCHURCH, this day. Judgment in favour of certain policy * w * B .B™® by Mr. Justice Adams to-day in a dispute concerning an insurance scheme promoted 20 years ago under the tontine system. Hisi Honor held that an insured person who had faded to pay premiums for a Etw iSFE?* one y ear > »nd whose policy had been protected out of the surrender value was entitled to participate in the profits of the fundsV even if such policy were transferred to the trustees of the fund; also that an insured person whose bonus additions were more than sufficient to protect the policy until maturity was entitled to participate in the profits of the pool.
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Bibliographic details
Auckland Star, Volume LIX, Issue 119, 22 May 1928, Page 10
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124TONTINE INSURANCE. Auckland Star, Volume LIX, Issue 119, 22 May 1928, Page 10
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