Fraternity-Testvériség, 1980 (58. évfolyam, 1-4. szám)

1980-04-01 / 2. szám

REPORT of the EXECUTIVE VICE PRESIDENT for the year of 1979 Mr. President, Distinguished Members of the Board: I respectfully submit my report for 1979 as requested by 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 where the Federation is domiciled, thirteen states in the United States and the Pro­vince of Ontario in Canada. Complying with the resolution of the Board of Directors, I submitted our application for license to operate in the State of Maryland. We finally received our license on Feb­ruary 1, 1980. Starting on this date, we are operating in fourteen states. 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. It is a combined report for the U.S.A. and Canada. Adjusted Total Total Year Life Dues C.S.C. Life Dues A.&lH. Dues Income 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 1,261,820.00 21,070.00 1,282,900.00 1979 1,125,089.00 108,002.00 1,233,091.00 18,217.00 1,251,308.00 IV. STATISTICAL SERVICE A) FLUCTUATION OF MEMBERSHIP Adult Juvenile Total Combined U.S.A. Canada U.S.A. Canada U.S.A. Canada US.A. & Can. 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 12-31-79 20,496 457 3,883 104 24,379 561 24,940 B) FLUCTUATION OF CERTIFICATES 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 12-31-79 23,222 478 4,080 108 27,302 586 27,888 C) FLUCTUATION OF INSURANCE IN FORCE 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 8,025,712 183,012 50,365,016 1,558,847 51,923,863 12-31-79 41,814,462 1,331,585 7,750,539 184,512 49,565,001 1,516,097 51,081,098 V. CLAIM SETTLEMENT, CERTIFICAEE LOANS 1978 1979 V.S.A. Canada U.S.A. Number Amount Number Amount Number Death ............................. 299 $360,835 7 Sick Benefit .................. 81 9,031 — Hospitalization .............. 37 8,121 — Matured.......................... 491 494,942 5 Surrender ...................... 522 300,903 5 Other ............................. 299 — 18 Total: .............................. 1,759 — 35 Amount Number Amount Canada $8,750 283 $373,819 9 $5,750 — 94 11,875 — — — 34 9,770 — — 4,683 479 564,007 11 12,097 1,550 507 313,739 7 4,417 — 288 — 20 — — 1,685 — 47 — We issued 745 expense vouchers in the U.S.A. and 52 in Canada. 7

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