Fraternity-Testvériség, 1965 (43. évfolyam, 1-12. szám)
1965-05-01 / 5. szám
12 FRATERNITY ill. STATISTICAL SERVICE A continuous inventory on membership, certificates and the amount of insurarnce in force was maintained. We forwarded monthly fluctuation summaries to our actuarial firm and to the Supreme Officers. FLUCTUATION SUMMARY ON CERTIFICATES AND INSURANCE IN FORCE Life Insurance Insurance Certificates In Force In force Dec. 31, 1963 ........................ 37,648 ............................... $43,519,881 Add: New Certificates ............ 1,770 ......... $3,706,500 Reinstated ........................ 41 ......... 74,502 Others ............................. — 1,811 ......... 105,217 3,886,219 Total ............................................... 39,459 ............................... $47,406,100 Less: Deaths .............................. 374 Matured ............................ 395 Lapsed .............................. 841 Surrendered .................... 625 Others .............................. — ......... $ 339,895 ......... 306,814 ......... 1,312,948 ........ 796,573 2,235 ......... 107,970 2,864,199 In Force Dec. 31, 1964 ........................ 37,224 ............................... $44,541,901 Net Changes During 1964 .................... —424 ............................... +1,022,020 During the past year insurance in force per certificate increased from $1,158.00 to $1,196.00, which is another encouraging trend beside the ever growing amount of premium dollar per certificate. IV. CLAIM SETTLEMENTS Properly submitted claims were settled within 24 to 48 hours. — During the past year we handled 3,231 claims. V. TRUST FUNDS a) On the so called “Orphans’ Trust Fund” (benefit shares of minors and unsettled death claims) the year end balance was $18,262.28. b) Balance of “Unclaimed Matured Fund” amounted to $74,410.73. VI. BUDGET I prepared, in cooperation with the Supreme Officers, the budget plan for 1965 for final approval. A Budget Expense Reconciliation was presented to the Supreme Officers and to the Business Counsellors each month.
