A Treatise on the Law of Benefit Societies and Life Insurance
A Treatise on the Law of Benefit Societies and Life Insurance

Author: Frederick H B 1849 Bacon

Publisher: Arkose Press

Published: 2015-10-07

Total Pages: 806

ISBN-13: 9781344105507

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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

A Treatise on the Law of Benefit Societies and Life Insurance; Voluntary Associations, Regular Life, Beneficiary and Accident Insurance
A Treatise on the Law of Benefit Societies and Life Insurance; Voluntary Associations, Regular Life, Beneficiary and Accident Insurance

Author: Frederick Hampden Bacon

Publisher: Rarebooksclub.com

Published: 2013-09

Total Pages: 220

ISBN-13: 9781230057651

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 edition. Excerpt: ...reserving, or as intended to reserve, to the association the power to change or avoid its contracts, to lessen its responsibilities, or to divest its members of rights. This is not the proper oflice of a by-law; and from the general expressions to Which we are referring, it cannot be fairly presumed or intended that it was contemplated to affect the members by other than such by-laws, as it was within the competency of the association to enact. But in addition to these, the averment of the plea is, that the certificate was accepted by the assured ' subject to the laws of the order now in force, or which may be hereafter enacted by the supreme commandery.' These are words of large signification, and clearly express that the assured consented that the contract should be subject to future, as well as existing by-laws. Parties may contract in reference to laws of future enactment--may agree to be bound and affected by them, as they would be bound and affected if such laws were existing. They may consent that such laws may enter into and form parts of their contracts, modifying or varying them. It is their voluntary agreement which relieves the application of such laws to their contracts and transactions from all imputations of injustice. The members of associations, created for purposes and objects like those which seem to be the purposes and objects of this organization, may very properly be required to assent that the contract conferring upon them rights shall be subject to, and depend upon the future, as well as the existing laws adopted bythe governing power. The fundamental principle of such organizations is the mutuality of duty and equality of rights of the membership, without regard to time of admission. This cannot well...