20 DECEMBER 1930, Page 35

The very interesting announcement has been made during the past

week of an agreement having been reached between nine mutual Life Insurance Offices, of whom four are domiciled in England and five in Scotland, for combating certain abuses which, it is alleged, had begun to insinuate themselves into British life insurance business as a result of excessive eagerness in competing for new business. The agreement, it is stated, is concerned largely with the question of commission paid on " own case " insurances, that is, to an agent " who takes up an agency merely to obtain commission on a policy to be effected by himself, and with no intention of working up a business connexion for the office. Another point coming within the scope of the agreement is the " cutting " of prospectus rates in competition.