TONTINE POLICIES
IMPORTANT R FLING
CHRISTCHURCH, This Day,
Judgment, in favour of certain policy holders, in a dispute concerning an insurance scheme, promoted 20 years ago under the Tontine system, was given by Mr Justice Adams today. Ije 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 Hie profits of the fund, even if such policy were transferred to the trustees of the Hind; also that an insured person whose bonus additions were more than sufficient to protect Hie policy until maturity was entitled to participate in Hie profits of the pool.
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Bibliographic details
Northern Advocate, 22 May 1928, Page 3
Word Count
116TONTINE POLICIES Northern Advocate, 22 May 1928, Page 3
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