1. Is the government aware that in the case of Foster vs. Mutual Reserve Fund Life Association of New York, an appeal to the House of Lords from the Court of Appeal in England, which has decided that the company must make restitution-must pay back to the insured principal and interest at 4 per cent, and at the same time pay all charges ? That the House of Lords has given judgment against the Mutual Reserve Fund Life Association of New York ?
2. If so, what steps will be taken by the Insurance Department to protect policy-holders who may take action to recover by recision all the premiums paid by them, with interest ?
Subtopic: MUTUAL RESERVE FUND LIFE INSURANCE.