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The 1855 Act permitted restricted risk to organizations of in excess of 25 individuals (investors). Insurance agency were rejected from the demonstration, however it was

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The 1855 Act permitted restricted risk to organizations of in excess of 25 individuals (investors). Insurance agency were rejected from the demonstration, however it was standard practice for insurance policies to prohibit activity against individual individuals. Restricted responsibility for insurance agency was permitted by the Companies Act 1362

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