Fraternity-Testvériség, 1990 (68. évfolyam, 1-4. szám)

1990-04-01 / 2. szám

Page 6

TESTVÉRISÉG

EXCERPTS FROM RESOLUTIONS OF BOARD OF DIRECTORS MEETING HELD MARCH 26-30, 1990, IN WASHINGTON, D.C.

—A $200-gift be granted to Rev. Nicholas Novak who was not able to attend the Board meeting due to illness.

—No change in our mortgage lending procedures and no change in limits, however the Financial Advisors are going to write to the Insurance Commissioners of D.C. and PA for a clarification of "is it a conflict of interest for children of Board members to obtain mortgage loans?"

—A 5% across the board cost of living adjustment is to be given to the three National Officers and also for the Board of Directors honorarium, effective April 1, 1990.

—A 5% across the board cost of living adjustment is to be given to all full-time Home and District Office employees, effective April 1, 1990.

—To give the Executive Committee power to modify the present hospitalization plan.

— Employees who do not participate in the Employee Hospitalization plan will be given a $500 payment in lieu of the hospitalization coverage. This practice must be approved annually.

—For the Executive Committee to do a complete evaluation for the future use of the (four) District offices. This is to be reported back to the Board annually during the Board's Spring meeting.

—In order to improve the training and production of the Field Force, an area manager (two people where appropriate) should be selected from each area to take on this responsibility. They would be given a 6-month

trial period and financial enumeration will be determined on an individual basis. They shall also report to the Executive Committee monthly on their activities and progress.

—Consideration be given to having local training sessions for the Field Force to teach the basics of the policies in our portfolio and to present effective approaches for their sale. Outside presenters and/or video tapes/movies should be considered for these sessions, along with practical examples for implementation.

—The Vice President-Secretary be authorized to do a survey of incoming applications to determine the types of policies which are selling and to review our insurance portfolio in order to determine if other types of policies should also be offered or our present portfolio should be revamped. He shall report to the Board at the Fall meeting.

—A listing be prepared of all unclaimed accounts by Branch. These lists should then be sent to the Branch Managers for follow up and response.

—The non-medical limitation on age 61 through 70 be raised to $3,000 from the present $2,000, with the Federation retaining the right to request additional information or a medical examination when necessary.

—The V.P.-Secretary should investigate the ramifications of raising the maximum limit on reinsurance from $25,000 to $30,000. He should report the results of his findings at the Spring 1991 meeting.

—The plaque of Theodore Roosevelt be placed

Board of Directors of the HRFA—1990

A merry group of lovely ladies in front of the Kossuth Statue in the Rotunda of the U.S. Capitol