Towns > Dundee > 1846-1872 - Post Office Dundee directory > 1861-1862

insurance Companies. lxxiir
STANDARD LIFE ASSURANCE COMPANY.— Continued.
Division of I860 it was found that the Profits for the five years then ended,
after providing for all responsibilities and leaving unvalued nearly £60,000
per annum, amounted to upwards of £200, 000, of which upvrards of £160,000
(four-fifths) were distributed among the Policy-holders.
The Divisions take place every five years — the next in 1865,
FREE ASSURANCE.
In 1851 the Directors introduced the systam of " Select
Assurance, '' admission to which rendered Policies of five years' standing
unchallengeable and indefeasible on any ground whatever, save non-pay-
ment of the Premium stipulated in the Policy, the Assured obtaining full
permission to travel or reside in any part of the world without License
or Extra Premium.
In 1856 the Company adopted resolutions with the view of
preventing Policy-holders losing the benefit of their Policies through any
oversight in payment of their Premiums within the days of grace, or
within an extended period, embracing thirteen months from the date
when the Premium unpaid fell due.
The Directors being now desirous of conferring
further Benefits on the Policy-holders, propose
for adoption the following additional Resolutions
I. — That henceforth, when the Directors are satisfied that a
person proposed for Assurance has no intention of proceeding beyond the
limits of Europe, from his occupation and other circumstances, as to which
information shall be furnished to them, such Assurance shall be subject
to no restriction as to Foreign residence, and the person whose life is
Assured may proceed to and reside in any part of the world without
license or payment of extra Premium.
II. — That existing Policy-holders shall have the benefit of
the same Regulations, upon application to the Directors, provided they
are satisfied that such new benefit ought to be conferred.
III. — That no Policy of five years' duration shall he liable to
any ground of challenge whatever, connected with the original documents
proceeding on which the Assurance was granted, but the sum Assured
shall, subject to the payment of Premiums, and extra Premiums, if any,
be payable in terms of the Policy, after proof of death to the satisfaction
. of the Directors.
WILL. THOS. THOMSON, Manager.
EDINBURGH • • 3 GEORGE STREET.
LONDON .... 82 KING WILLIAM STREET.
DUBLIN .... 66 UPPER SACKVILLE STREET.
fSHIELL& SMALL, writers, 3 Bank St.
Agents in DUNDEE < ROBT. B °YD, writer, 21 Castle St.
(jAS. RAMSAY jur., merchant,
34 Cowgate.