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With regard to The Poor's Assurance Office, the Bill provided for the appointment of the principal conductor, who should be called “the Actuary,” in the same manner in which “the office of Accountant” was to be created for the former business.
It provided for the calculation of Tables, which Tables should produce “sufficient funds to answer the payments to be assured, as well as the charges and expenses of the establishment and management of such Assurance Office;” that these Tables should be varied; that they should be approved by the Lords of the Treasury, who should make them public in such manner as they saw fit.
The persons who were entitled to the benefits of the Poor's Fund should also be entitled to the benefits of Assurance Office under the following
Rules and Regulations of the Poor's Assurance Office.
1. That any person desirous of insuring his life shall deliver or send the usual particulars to the Assurance Office.
2. That in every case proof of age and proof of sound health should be produced; the affidavits in each case to be sworn to before a Justice of the Peace.
3. That, in the case of any misrepresentation being proved in the original proposals, the sums paid shall be forfeited.
4. That the Actuary may require any persons proposing to insure to attend personally at the Assurance Office, providing they live within the limits of the London two-penny post.
5. That no payment for any assurance, whether annually, half-yearly or quarterly, shall be less than ten shillings.