Fraternity-Testvériség, 2000 (78. évfolyam, 1-4. szám)
2000-10-01 / 4. szám
68. A member is entitled to change his beneficiary upon reporting his request to the Branch Manager or the Home Office, sending the same, with his original certificate, to the Treasurer-CFO. The change of beneficiary shall be effective upon signing of such request. 69. The beneficiary has no vested rights. When the member desiring to change his beneficiary has been legally declared incompetent and a certified copy of such judgment or decree has been furnished to the office of the Treasurer-CFO, such member cannot ask for a change of beneficiary. 70. In case a member has lost his certificate or if a certificate comes into the possession of any unauthorized person who refuses to part with it, the member desiring to change his beneficiary must attach to his request for this change, an affidavit signed in the presence of a Notary Public annulling his previous certificate and requesting a duplicate certificate containing the name of this beneficiary. ARTICLE X DISCIPLINE OF MEMBERS Aim - Offenses - Procedure - Appeals 71. The aim of discipline is correction, not punishment. Sanctions should not be overly severe and expulsion from membership may be invoked only in cases of serious and repeated violations of the By- Laws. With reference to the beneficiary, the certificate holder may keep his certificate in force but shall not exercise any rights of elective or voting privileges. 72. Disciplinary proceedings may be instituted upon the following grounds: a. Refusal to comply with directions from higher authority. b. Actions in contradiction to the By-Laws. c. Agitation, in any form, against the Federation. d. Behavior contrary to law or good morals. e. Failure to perform duties in the best interests of the Federation. 73. Disciplinary proceedings shall be commenced by: a. In the case of a member: the president of the branch. b. In the case of a branch officer: the branch or the President-CEO of the Federation. c. In the case of a salaried employee: The Executive Committee or the President-CEO. d. In the case of a National Officer: the Board of Directors. e. In the case of a member of the Board of Directors: the Board of Directors. 74. Hearings in disciplinary proceedings shall be held by: a. In the case of a member: the branch. b. In the case of a branch officer: the branch. c. In the case of a salaried employee: the Executive Committee or President-CEO. d. In the case of a National Officer: the Board of Directors. e. In the case of a member of the Board of Directors: the Board of Directors. 75. Disciplinary proceedings shall be instituted by filing a written complaint with the President-CEO of the Federation. The President- CEO shall refer the matter to the Executive Committee. This Committee will evaluate the charges and determine whether hearings are in order. Hearings shall be held as soon as may be convenient and decisions rendered immediately. Written notice of appeal shall be filed within one (1) month from the date of decision. Decisions at hearings and appeals shall be made by majority vote of those present and voting. 76. Appeals from disciplinary action shall be heard by: a. In the case of a member: the Executive Committee. b. In the case of a branch officer: the Executive Committee. c. In the case of a salaried employee: the Board of Directors. d. In the case of a National Officer: the Board of Directors. e. In the case of a member of the Board of Directors: the Board of Directors. 77. Sanctions of those found guilty in disciplinary proceedings shall be determined by the group conducting the hearings and may consist of one or more of the following: a. Reprimand. b. Suspension of membership privileges for a certain period of time. c. Permanent suspension of membership privileges. d. Reimbursement of any costs incurred. e. Such other sanction(s) as may be deemed appropriate to the offense. ARTICLE XI PROPERTY - INCOME - FUNDS Property - Income - Funds 78. The property of the Federation shall consist of all assets of every kind and nature now belonging hereto and all that which in the future shall arise from membership dues, assessment rates under certificates and endorsements issued by the Federation, income on investments, donations, bequests, or anything which shall be otherwise acquired by the Federation. 79. The income of the Federation shall consist of dues, assessments on certificates, income on investments, bequests, or any other money received by the Federation. 80. The Federation may handle as trustee other funds to which it is accountable. The accounting of all funds shall comply with the laws of the respective States. No member, beneficiary or any other person, association or corporation shall have any property right whatsoever in any of these funds, except as may be provided for by these By-Laws. ARTICLE XII INSURANCE DEPARTMENT Certificates - Dues - Amount of Insurance - Age - Change in Plan - Tables of Rates 81. In accordance with the rights granted in its Charter, the Federation extends to its members life and accident certificates containing the respective rights and obligations of membership, as issued from time to time in accordance with plans approved by the respective States. 82. Applicants for membership shall pay dues for their certificates according to the age nearest to their birthday at the date of application. 83. The Federation may issue certificates of insurance up to twenty-five thousand dollars ($25,000.00) for individuals up to the age of sixteen (16) years and up to two hundred thousand dollars ($200,000.00) for individuals up to the age of eighty (80) years. Accidental death certificate riders may be issued to the face amount of the certificate after the age of one (1) year. 84. A member may have his plan or amount of insurance changed to any other plan or amount to the limits prescribed in these By-Laws. Terms, conditions, and new rates shall be requested from the Treasurer-CFO. ARTICLE XIII THE CERTIFICATES Issuance - Validity - Encumbrance - Assignments - Legal Action - Restrictions - Valuation 85. Every certificate issued shall be accepted by the member upon the express condition that the certificate and any riders and endorsements, the Charter of Articles of Incorporation, the By-Laws of the Federation, the application to membership, and the declaration of insurability signed by the applicant, with all amendments to each thereof, shall constitute the entire contract between the Federation and the member. 86. If the age of the insured member has been misstated, the amount payable under the certificate shall be such an amount as the monthly rate would have purchased at the correct age, provided, that if the correct age was not an insurable age under the Federation’s By-Laws, payments shall be limited to the premium payments made, without interest. 87. Any computation of withdrawal equities is based upon age at issue and the number of certificate years and upon the assumption that all payments have been made to the full period referred to; that there is no indebtedness to the Federation whatsoever and that the required reserve is then intact. The existence of a certificate loan on the date any withdrawal equity becomes effective will result in a reduction of any cash surrender value by the amount of the loan, or an appropriate adjustment in the amount of paid-up insurance or the amount and period of extended insurance. By-Laws 2000 Edition Page 7
