Fraternity-Testvériség, 1966 (44. évfolyam, 1-12. szám)

1966-06-01 / 6-7. szám

FRATERNITY

9

LIFE INSURANCE — CANADA

In Force Dec. 31, 1964 ........................ — .............................

Add: New Certificates ............ 548 ......... $ 555,000

Less: Lapsed .......

..................... 10

29,500

In Force Dec. 31, In Force Dec. 31,

1965 .......................

1965 — U. S. A. ...

538 ........

. 36,757 .......

....................... $ 525,500

....................... 45,233,395

Combined U. S. A.

and Canada ..........

. 37,295 ........

....................... $45,758,895

Combined Increase ............................... 71 ............................... $ 1,197,896

I am glad to

report that we finally have

completed

our Master

File by adding juvenile record cards

to the existing register of adult

members. For this

accomplishment,

as well as

for the painstakingly

careful handling of

our addressograph

system, credit goes to

Dr. Zoltán

Korossy.

IV. CLAIM SETTLEMENTS

1964

Claims

1965

Claims

Kind of Claims

Number

Amount

Number

Amount

Death ........................

.................. 331

$339,895.00

412

$354,099.00

Sick Benefit ...........

.................. 200

13,044.33

247

14,609.73

Hospitalization .........

.................. 226

35,973.53

252

33,455.72

Matured ....................

.................. 451

373,063.33

479

349,878.00

Surrender ................

.................. 594

199,268.22

593

199,602.73

Loan ..........................

.................. 261

452,458.33

271

465,256.82

Others ......................

.................. 236

6,846.81

115

8,032.38

Expenses ..

932

903

Expenses in Canada

70

Total...................

................. 3,231

3,342

Increase .....................

.................. Ill

V. TRUST FUND

We keep death benefit shares of minors and unclaimed matured proceeds in the “Trust Fund of Unpaid Claims”.

Balance in this fund was $94,921.78 on December 31, 1965. This figure is constantly increasing due to the fact that our efforts to locate beneficiaries and rightful owners of matured proceeds is not always successful.

VI. PAYROLL AND PAYROLL TAXES

Salaries were computed and forwarded to the employees in due time. We submitted payroll taxes together with the properly completed tax return forms to the respective agencies. Our Canadian operation added to this already great burden of my office. In the U. S. A. 51, and in Canada 4 employees were on the payroll in 1965.