Annals, Anecdotes and Legends: A Chronicle of Life Assurance — John Shaqi
Annals, Anecdotes and Legends: A Chronicle of Life AssuranceFrancis, John, of the Bank of England
History
Annals, Anecdotes and Legends: A Chronicle of Life Assurance
Francis, John, of the Bank of England
Life insurance
“1. It is ordained, that all the members shall swear by the holy
reliques that they will be faithful to each of their fellow-members, as
well as in religious as in worldly matters; and that, in all disputes,
they will always take part with him that has justice on his side.
“2. When any member shall die, he shall be carried by the whole Society
to whatever place of interment he shall have chosen; and whoever shall
not come to assist in bearing him shall forfeit a sextarium of honey:
the Society making up the rest of the expense, and furnishing each
his quota towards the funeral entertainment; and also, secondly, for
charitable purposes, out of which as much as is meet and convenient is
to be bestowed upon the church of St. Etheldred.
“3. When any member shall stand in need of assistance from his
fellow-members, notice thereof shall be given to the Reeve or Warden
who dwells nearest that member, unless that member be his immediate
neighbour; and the Warden, if he neglect giving him relief, shall
forfeit one pound.[5] In like manner, if the President of the Society
shall neglect coming to his assistance, he shall forfeit one pound,
unless he be detained by the business of his lord or by sickness.
“4. If any one shall take away the life of a member, his reparatory
fine shall not exceed eight pounds; but if he obstinately refuse to
make reparation, then shall he be prosecuted by and at the expense of
the whole Society: and if any individual undertake the prosecution,
then each of the rest shall bear an equal share of the expenses. If,
however, a member who is poor kill any one, and compensation must be
made, then, if the deceased was worth 1200 shillings, each member shall
contribute half a mark[6]; but if the deceased was a hind, each member
shall contribute two oræ[7]; if a Welchman, only one.
“5. If any member shall take away the life of another member, he
shall make reparation to the relations of the deceased, and besides
make atonement for his fellow-member by a fine of eight pounds, or
lose his right of fellowship to the society. And if any member, except
only in the presence of the king, or bishop, or an alderman, shall eat
or drink with him who has taken away the life of a fellow-member, he
shall forfeit one pound, unless he can prove, by the evidence of two
witnesses on oath, that he did not know the person.
“6. If any member shall treat another member in an abusive manner, or
call him names, he shall forfeit a quart of honey; and if he be abusive
to any other person, who is not a member, he shall likewise forfeit a
quart of honey.
“7. If any member, being at a distance from home, shall die or fall
sick, his fellow-members shall send to fetch him, either alive or
dead, to whatever place he may have wished, or be liable to the stated
penalty; but if a member shall die at home, every member who shall not
go to fetch his corpse, and every member who shall absent himself from
his obsequies, shall forfeit a sextarium of honey.”
Public-domain text, read in full here on John Shaqi.
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