Fraternity-Testvériség, 1979 (57. évfolyam, 1-4. szám)

1979-07-01 / 3. szám

REPORT of the EXECUTIVE VICE PRESIDENT for the year of 1978 Complying with the instruction of the Board of Direc­tors, I filed an application for license to operate in the State of Maryland. At the writing of this report, we were not in receipt of the Commissioner’s ruling. II. ACCOUNTING Transactions in the United States and Canada are re­corded separately on the books on a simple cash basis. Our Accountants convert our book figures through proper adjust­ments to the accrual basis and prepare the Annual State­ments to the Insurance Commissioners. The National Officers are jointly responsible for the correctness of this year-end report. Books, records and the annual statement will be pre­sented to the Administrative and Auditing Committee for detailed examination. III. DUES INCOME The following comparative tabulation shows adjusted life dues, Consideration of Supplementary Contracts (C.S.C.), accident and health dues separately to give a better basis to analyse trends. It is a combined report for the U.S.A. and Canada. Mr. President, Distinguished Members of the Board: I respectfully submit my report for 1978 in compliance with para. 45 of the by-laws. I. ANNUAL STATEMENTS, LICENSES Applications for renewal of licenses together with An­nual Statements were submitted to the Insurance Commis­sioners of the District of Columbia, thirteen states in the United States and the province of Ontario in Canada. Adjusted Total Total Year Life Dues C.S.C. Life Dues A. & H. Dues income 1974 $1,295,888.94 $117,444.08 $1,413,333.02 $34,065.99 $1,447,399.01 1975 1,278,599.84 123,661.08 1,402,260.92 29,377.97 1,431,638.89 1976 1,226,230.12 139,655.88 1,365,886.00 26,706.00 1,392,592.00 1977 1,220,997.08 139,980.92 1,360,978.00 24,470.00 1,385,448.00 1978 1,167,524.00 94,306.00 1,261,830.00 21,070.00 1,282,900.00 IV. STATISTICAL SERVICE A) FLUCTUATION i OF MEMBERSHIP Adult Juvenile Total Combined U.S.A. Canada U.S.A. Canada U.S.A. Canada USA & Can. 12-31-74 22,594 493 5,648 149 28,295 642 28,937 12-31-75 22,235 491 5,323 134 27,558 625 28,183 12-31-76 21,848 489 4,949 132 26,797 621 27,418 12-31-77 21,429 475 4,571 122 26,000 597 26,597 12-31-78 20,897 467 4,248 115 25,145 582 25,727 B) FLUCTUATION OF CERTIFICATES 12-31-74 25,205 511 5,913 150 31,118 661 31,779 12-31-75 24,914 509 5,537 136 30,451 645 31,096 12-31-76 24,546 508 5,181 134 29,727 642 30,369 12-31-77 24,187 497 4,791 126 28,978 623 29,601 12-31-78 23,654 488 4,459 119 28,113 607 28,720 C) FLUCTUATION i OF INSURANCE IN FORCE 12-31-74 41,103,151 1,006,508 8,245,091 218,500 49,348,242 1,225,008 50,573,250 12-31-75 41,494,828 1,144,547 8,181,877 192,512 49,676,705 1,337,059 51,013,764 12-31-76 41,570,188 1,320,797 8,228,912 205,512 49,799,100 1,526,309 51,325,409 12-31-77 42,452,121 1,445,547 8,218,699 187,512 50,670,820 1,633,059 52,303,879 12-31-78 42,339,304 1,375,835 8,025,717 183,012 50,365,016 1,558,847 51,923,853 V. CLAIM SETTLEMENT, CERTIFICATE LOANS 1977 1978 U.S.A. Canada U.S.A. Canada Number Amount Number Amount Number Amount Number Amount Death ...... 328 $405,237 20 $13,500 299 $360,835 7 $8,750 Sick Benefit .................... 88 9,268 — — 81 9,031--- --­Hospitalization .............. 54 13,872 1 230 37 8,121 — — Matured ... 612 661,967 4 4,250 491 494,942 5 4,683 Surrender . 549 303,622 10 3,476 552 300,903 5 1,550 Other ......... 266 — 31 — 299 — Total ......... 1,897 — 66 — 1,759 — 35 — 9

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