THE GREEKS HAD A NAME FOR IT "ASFALIA ZOIS" "LIFE INSURANCE" It was a common practice among the Greeks to loan money upon cargoes brought from Foreign shores. If the Merchant Vessel returned safely, then the loan was repaid at an excessive rate of interest. If, however, misfortune overtook the Vessel and Port was never reached, the loan was not repaid. The Interest was the Premium and the Loan was the face of the Policy. Although this plan lacked the machinery of the modern Insurance procedure, fundamentally it bears a kinship to Insurance as we know it, for it is a solution to the problem of making certain the uncertain. Although the principle of life insurance dates back to the days of man's earliest existence it was practically unknown in Charlottetown in 1855. It was not until the latter part of the last Century that it became a recognized business in Prince Edward Island . Many were the abuses and unethical practices in those early days and the high favor the business enjoys today in our Province and Canada generally is due, in no small measure, to Island Insurance men, led by J. O. Hyndman , C.L.U ., who were instrumental in forming a Provincial Association of Life Insurance men fifty years ago and later promoted the idea of a Dominion Association. Following are the names of the Executive and the supporting members of the LIFE UNDERWRITERS ASSOCIATION OF PRINCE EDWARD ISLAND: President ............................................................. Stewart G. Ives , Excelsior Life. Past-President •— Regional Vice- President for N.B . & P.E.I. ...................... R. J. Rupert , C.L.U ., Confederation Life. Vice-President, .................... LeRoy Gallant , Life. Vice-President, Queen's County................Thos. McAvinn, C.L.U. , Great . Vice-President, King's County.................... Cyrus Shaw , C.L.U ., Great . Secretary - Treasurer and Dominion Director................................... V. S. Ling , C.L.U ., Empire Life. DIRECTORS R. D. MacGillivrav , Imperial Life, W. B. MacDonald, Empire Life, R. E. Younker, C.L.U. , Life. SUPPORTING MEMBERS Name Address Company W. B. Beairsto Kensington Confederation Life Robert Carruthers Canada Life H. Bennett Carr Sun Life Ass'n. James E. Devine Mutual Life Everett Donald Kensington Life Wilfrid J. Driscoll Co-Operative Life D. H. Gallant , C.L.U. Miscouche Confederation Life Vincent J. Gallant Summerside Life R. E. Hyndman Great- F. W. Hyndman , C.L.U. Charlottetown Great- H. W. Ives , C.L.U. Charlottetown Confederation Life Keith B. Jenkins Charlottetown Maritime Life E. C. Johnstone , C.L.U. Charlottetown Dominion Life J. Wilfred McAleer Imperial Life J. Joseph Maclsaac Co-Operative Life A. P. MacLean , C.L.U. Summerside Great- A. R. Mclnnis , C.L.U. Charlottetown Imperial Life A. J. Murphy Charlottetown Imperial Life Fred B. Pound Canada Life Mrs. Dorothy Rogers Charlottetown Sun Life Victor F. MacDonald Charlottetown Confederation Life J. C. Saint Dominion Life Eric Shephard Mutual Life S. W. Willis Charlottetown Confederation Life Robert C. Shea Sun Life IIFE MEMBERS CHARTERED LIFE MEMBER C. H. Black , C.L.U. J. O. Hyndman , C.L.U. W. G. Hogg, C.L.U . y*