The law of fire and life insurance / by George Beaumont.

  • Beaumont, George Duckett Barber.
Date:
1833
Catalogue details

Licence: Public Domain Mark

Credit: The law of fire and life insurance / by George Beaumont. Source: Wellcome Collection.

Provider: This material has been provided by Royal College of Physicians, London. The original may be consulted at Royal College of Physicians, London.

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    FIRE AND LIFE INSURANCE. CHAP. I. Insurance is a contract whereby one of two parties agrees, in case of the loss or damage of property by accidents of a particular descrip- tion, to pay to the other to whom the property belongs a sum of money not exceeding its value. The consideration paid for this indemnity is called the Prtmiumr The person indemnified is called the Insured' ov Assured. The per- son indemnifying is called the “ Insurer ” or Assurer. Fire insurance is where the cause of loss pro- vided ao^ainst is fire. Life insurance is where debts or obligations depend wholly or partially on the personal secu- rity of the debtor, and will be lost by his death happening before they are discharged : on this event, a sum is contracted to be paid by the insurer{a). {a) Besides these two kinds of insurance, and that on wliicli these are grafted, viz. marine insurance, there is a species of insurance on land-carriage, where carriers give public notice that they v/ill not be liable for loss or damage of goods ex- B