The Deed of Settlement of the Society for Equitable Assurances on Lives and Survivorships, As the same is inrolled in His Majesty's Court of King's Bench at Westminster, in the year 1765; with The Bye-laws and Orders.
London. Printed by Taylor and Francis. 1854, [i.e. 1881]., 1881.
8vo. vi, 101, 98*-102*, 102**, 102dag, 102dagdag, 102s, 102ss, , 102-132, , 140-150. Complete despite a most erratic pagination. A handsome copy in contemporary calf, gilt, with longitudinal contrasting morocco lettering-piece. Marbled endpapers and edges. Slightest of wear to extremities, two small ink-blots to upper board.
A late Victorian edition of the deed of settlement and bye-laws, updated from the original, for the first and greatest English mutual life insurance company. Founded in 1762, Equitable Life's initial success was based upon premiums fixed with reference to age and mathematically projected mortalities, but the society's growth was secured by the pioneering work of the first modern actuary, William Morgan, who calculated that the value of the fund was sufficient to exceed likely future demands and thus pay interim bonuses in addition to terminal payments made at the surrender or maturity of a policy.£ 150.00 Antiquates Ref: 10951