Fraternity-Testvériség, 1959 (37. évfolyam, 1-12. szám)
1959-05-01 / 5. szám
10 FRATERNITY VALUATION EXHIBIT Published Pursuant to the Requirement of Law Made by the HUNGARIAN REFORMED FEDERATION OF AMERICA AS OF DECEMBER 31, 1958 (Including Death Benefit Certificates of Juvenile Branch) Total Admitted Assets........................................................$9,370,844.36 Aggregate Reserves for Life Certificates.......................$8,386,903.00 Aggregate Reserves for Accident, Health Certificates 76,881.00 Liabilities Other Than Reserves..................................... 247,114.37 Total Liabilities............................................................$8,710,898.37 Unassigned Funds................................................................ 659,945.99 Total................................................................................$9,370,844.36 FORM OF EXPLANATION FOR PUBLICATION The Society’s valuation as of December 31, 1958, indicates that on a basis of the American Experience, American Men and 1941 Standard Industrial Tables of Mortality with interest at 3%% and 3%, the future assessments of the Society, at the net rates now being collected, together with the now invested assets of all funds, are sufficient to meet all certificates as they mature by their terms with a margin of safety of $659,945.99 (or 7.58%) over the above statutory standards. The rate of assets to liabilities (including reserves on all statutory obligations) for the last five years are as follows: 1958 — 107.58%; 1957 — 107.50%; 1956 — 107.67%; 1955 — 108.21%; 1954 — 108.02%. ★ ★ ★ J. H. Zeitlin, being duly sworn, deposes and says that he is the Actuary who made the foregoing computations and answers to questions above set forth concerning the conditions of The Hungarian Reformed Federation of America, as of December 31, 1958, and that the same are correct and true to the best of his information, knowledge and belief. J. H. ZEITLIN, Actuary Subscribed and sworn to before me this 28th day of April, 1959 Dorothy W. Benko Notary Public of New Jersey My Commission Expires April 15, 1963
