INSURANCE SCHEME.
JUDGMENT DELIVERED. (By Telegraph—Press Association.) CIl R IST CHU R'CH, Mon day. Judgment in favour of certain pol-icy-holders in 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 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
Wairarapa Daily Times, 22 May 1928, Page 3
Word Count
123INSURANCE SCHEME. Wairarapa Daily Times, 22 May 1928, Page 3
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