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The Industrial Life Offices Association was founded in 1901 as the Association of Industrial Assurance Companies and Collecting Friendly Societies, by representatives of industrial assurance companies and friendly societies. It acted as a forum for combined action and mutual protection of the Industrial Assurance business. The Association was concerned, in particular, with co-operation to prevent the practice of "transferring", whereby agents poached clients from one company to another, gaining a commission in the process. The Association changed its name to the Industrial Life Offices Association in 1940; and ceased to exist in 1985 when its functions were transferred to the Association of British Insurers.
The Association appears to have been based in its members' offices until it acquired its own offices at 73-76, King William St., EC4 (1950-53); 1, Regent St., SW1 (1954-62); and Aldermary House, 10-15, Queen St., EC4 (1963- ).