[09x LIFE ASSURANCE OFFICES.
of the deceased, by way of gratuity, a sum equal to the amount which
the Association would have paid for the surrender of the policy on the
day of the death of the party assured. Policies effected by third parties
on the lives of persons so dying will not thereby be rendered void.
ALBION.
Proprietary Company. Established a.p. 1805.
42, New Bridge-street, Blackfriars.
Policies granted by this Company to persons on their own lives, and
legally assigned to other persons for valuable considerations, will not,
so far as the bond fide interest of the assignees may extend, be invali-
dated, if the persons whose lives are assured should die bv suicide, by
duelling, or by the hands of justice.
ALLIANCE.
Mixed Assurance Company. Established a.p. 1824, Bartholomew-lane.
~The profits appropriated to the assured, to be applied either to the
reduction of the rate of the future premium to he paid on the policy, or
to the increase of the sum assured ; the party to make his choice at the
time the proposition for assurance is made.
In 1829 the bonuses were on an average 20 per cent on the premium.
AMICABLE.
Mutual Assurance Company. Established a.p. 1706.
13, Serjeant’s Inn, Fleet-street.
This society was originally instituted by Charter in 1706, and limited
in number to 2000 members; each member on admission paid bs. to
the register, and 5s. to a joint stock, besides an annual subscription of
£6 payable monthly, and of 4s. payable quarterly.
One-sixth of the annual premiums was to be divided amongst the
nominees of those who died in the first year, £4000 amongst the
nominees of those who died in the second year, £4000 the third year,
£8000 the fourth, £10,000 the fifth year, and after that period £10,000,
and as much more as might be agreed upon by a general court of
members annually held.
~ In the event of the number of members being less than 2000, a pro-
portionable reduction was to be made in the allowance. The fund
remaining after paying the nominees, together with interest, to be laid
up for the benefit of the members. The corporation was debarred from
dealing in bills of exchange, keeping cash for other persons, or trading
as bankers.
In January, 1730, a supplemental charter was granted, empowering
the directors to administer oaths relating to the health of proposed mems-
bers, and to the death of members, or to lost policies.
In 1757 the society engaged that the amount paid on the decease of