Fraternity-Testvériség, 1969 (47. évfolyam, 1-12. szám)
1969-06-01 / 6. szám
i Alexander Hegedűs in Canada resigned from their District and Section Manager positions. He named the following new members of our Field Force: Frank Dance, District Manager of East Pennsylvania District; László Dekany, Section Manager of our Greater New York Metropolitan Area; John Fekete, Section Manager of the Toronto and Vicinity Area; Dr. Tibor Halo, District Manager of Michigan; Rev. John Paul Nagy, District Manager of Florida; William Puskas, Section Manager of New Brunswick and Dr. Antal Viczian Section Manager of the Greater New York Metropolitan Area. He distributed copies of the 1968 Branch Production Report. It continued the detailed breakdown of production by our branches. It showed that 49 of our branches had zero production. Surely, something has to be done in 1969 with the non-productive branches. The Secretary read the 1969 monthly production reports and made the observation that the production figures of our District and Section Managers show a steady progress in their production. He also gave copies of his circular outlining the work, services, activities and material beDistrict Meeting in Chicago, 111. longing to and handled by the Department of the Secretary. He requested that all applications be mailed direct to his office by writing on the envelope: “Attention Secretary”. He reminded the managers of the Convention’s resolution which makes it mandatory to have $3,000 basic insurance for hospitalization and sick benefit. A Federation and Bethlen Home Day is scheduled to be held in the summer at Belmar for all our New Jersey District, Section and Branch Managers to strengthen the ties of fellowship and fraternalism. The1 Labor Day weekend Field Force meeting will be held on August 29th and 30th at Ligonier, Pa. Mr. Paul St. Miklossy, Treasurer reported that the Federation’s assets in the United States in 1968 increased to $15,010,360.05 and the Canadian assets increased from the 1965 figure of $36,663.73 to the amount of $334,388.46 in 1968. The total U. S. and Canadian assets are: $15,344,748.51. The 1968 amount of increase in assets was $431,623.73. The Federation’s solvency ratio was 110.88%. The Dunne’s Insurance Report rates our Federation A + (Excellent). The Treasurer emphasized the importance of premium income which the branch managers are requested to mail him monthly. Punctuality and regularity are important in making the monthly payments. He encouraged the managers to work hard for the production because without new business there is no progress. One of the Workshop participants at the Chicago meeting. The Controller, László Eszenyi, first gave a brief statistical analysis on the standing of the Federation. Despite the drop in membership and the number of certificates as well as a slight decrease of the dues income the insurance in force of the Federation continued to grow and the $431,623.73 increase of our assets in a convention year must be considered spectacular. The 4.27% yield on our invested assets and the 110.88% solvency ratio puts the Federation among the best of the nation’s insurance industry. The very good underwriting production achieved during the first months of the current year gives hope that 1969 will turn out as one of the best years in the history of the Federation. The Controller explained in detail the new schedule of commissions adopted by the Board of Directors in compliance with the resolution of the last Convention. A raise of $3.00 per $1,000 new insurance written was granted in every age group. After a thorough instruction concerning collection of dues and claim settlement the Controller held a question and answer period during which actual problems of the branch managers and the Field Force were discussed. Rev. Arpad George 12
