William Penn Life, 1973 (8. évfolyam, 1-4. szám)

1973-07-01 / 3. szám

for the many condolences and contribu­tions received in memory of his mother. He expressed sincere thanks to the Na­tional President, Elmer Charles, who de­livered the eulogy and to the Officers and Directors who attended the funeral. He officially called the meeting to order. 3. The Board of Directors and Na­tional Officers pledged allegiance to the flag of the United States of America. 4. Reverend Director Andrew P. Jacobs offered the invocation. 5. Secretary of the Board Frank J. Rad­­vany calls the roll and the following are present: Elmer Charles, National Presi­dent; Louis L. Varga and John P. Balia, Vice-Presidents; Directors: Frank Bero, Zoltán B. Emri, Michael Hegedűs, Rev. Andrew P. Jacobs, Albert G. Kertesz, Wil­liam C. Kohut, Stephen Lang, Frank J. Radvany, John Sabo, Joseph Toma, John Veszprémi, Jr., Frank J. Wukovits, Sr., Albert J. Stelkovics, National Secretary; Julius E. Somogyi, National Treasurer; Gay B. Banes, General Counsel and Dr. Samuel C. Gomory, Medical Director. 6. The Agenda is presented to the Board and same is adopted with the proviso that any matter properly belonging before the meeting may be added thereto during the course of the meeting. 7. Director Michael Hegedűs, Secretary of the Executive Committee, read the min­utes of the Executive Committee Meeting held on April 5 and 6, 1973. Following the reading of the Minutes, the Board discussed point by point the items out­lined by the Executive Committee. Moved, seconded and the Board adopted the min­utes as corrected. 8. The Board of Directors discussed the possibility of changing old type sick benefit members to a medicare supple­ment or daily room benefit, however, this will have to first be discussed with the Actuary, Staff and Executive Committee. The Executive Committee will then report back to the next Board meeting. 9. In connection with the sick benefit coverage the Board reviewed the present Sick Benfit Rules and Regulations. After considerable discussion the Board amend­ed and liberalized the Sick Benefit Rules and Regulations to become effective July 1, 1973. (The new Rules and Regulations can be found on pages 12 and 13 of this publication.) 10. National President Elmer Charles and Staff submitted a verbal report to the Board of Directors pertaining to the one-year examination of the Association which is being conducted by the Pennsyl­vania Insurance Department. The Board acknowledged their report. 11. Moved and seconded and the Board adopted the following resolution pertain­ing to Microfiche records: BE IT RESOLVED by the Board of Directors that the Officers be authorized to have the Computer Center prepare monthly and weekly reports by the micro­fiche method, including but not restricted to, accumulated monthly payment journal (weekly) for Home Office and Regional Offices, monthly status reports for Home Office and Regional Office use, monthly file maintenance report, monthly com­mission statements and dividend runs. BE IT FURTHER RESOLVED, that the Officers be authorized to utilize the microfiche method of record keeping to any other report deemed to be necessary for efficient use and storing of records. BE IT FURTHER RESOLVED, that the Officers be authorized to purchase microfiche readers as needed, either at the Home Office or at the Regional Offices. 12. National President Elmer Charles began a lengthy and detailed explana­tion of our entire Field Operation. He in­formed the Board that Mr. Joseph Licht­­mann of New Brunswick, New Jersey had terminated his duties as General Agent and has been replaced by Mr. A1 Szur. Vice President Varga reported to the Board on his trip to the Passaic, New Jersey and Trenton, New Jersey District Offices. Following his visit to these offices he concurred with the Staff that these two offices should be closed and consoli­dated with the New Brunswick Regional Office. Mr. Charles then called upon Director Wukovits who was delegated by the Home Office to visit the Chicago Di­strict Office for the purpose of closing that office. Director Wukovits informed the Board he went to Chicago and took the necessary steps to close the District Office. Mrs. Mary Kish, District Office Clerk has retired, but she accepted her appointment as Branch Manager for Branch 15 and 24 and will carry on these duties from her home until such time as a full time representative can be em­ployed. The Board spent considerable time dis­cussing the Field Operations in various areas. The report of the President was then accepted. 13. Moved, seconded and the Board adopted that the District Office in Pas­saic, New Jersey be closed as soon as possible and the records of that office transfered to the Regional Office in New Brunswick, N. J. 14. Moved, seconded and the Board adopted that the Executive Committee be authorized to close the District Office in Trenton, New Jersey as soon as feasible, the building placed on the market for sale, and the records of that office trans­fered to the Regional Office in New Bruns­wick, New Jersey for servicing. However, even though these offices will eventualy will be closed, there will be a full time representative in each City for the purpose of enrolling new members. New Jersey resident members will also have toll free telephone service available to the Regional Office. 15. Moved, seconded and the Board adopted the following resolution with re­ference to medical examinations by the Para Medical technique: BE IT RESOLVED by the Board of Directors, that it ratifies the action of the National Secretary and Medical Director in signing an agreement with Physical Measurements, Inc. thereby making it pos­sible for our Agents to send applicants to these centers for physical examinations. BE IT FURTHER RESOLVED, that forms for regular and amplified physical measurements and Physician’s Examina­tion reports as furnished by Physical Measurements, Inc. be submitted to the States, where required for approval. 16. Moved, seconded and the Board adopted the following Resolution reap­pointing the Superintendent of Insurance, State of New York, as lawful attorney for the Association in that State. RESOLUTION At a meeting of the Board of Directors of the William Penn Association held on the 19th day of June, 1973, at the office of William Penn Association now author­ized, to do business in the State of New York, does hereby authorize the president and secretary, under the corporate seal of the William P~in Association to ap­point the Superintendent of Insurance of the State of New York, his successor in office, and any deputy superintendent, its true and lawful attorney, in and for the State of New York, upon whom all lawful process against said William Penn Association may be served in any action or proceeding against said William Penn Association in the State of New York, subject to and in accordance with all the provisions of the Insurance Law of the State of New York in force at the time of such service. This appointment shall be binding upon any successor acquiring the assets and assuming the liabilities of such insurer by merger or consolidation, and shall not be terminated so long as there are in effect any contracts, or liabil­ities or duties arising out of contracts, which were issued or delivered by such insurer in this State. 17. National President Elmer Charles presented a check to Director Michael Hegedűs which has represented a 10% bonus because Mr. Hegedűs had surpassed his quota of new business production during the years he had a Special Agents contract under the old by-laws. Director Hegedűs thanked the National President for this presentation. 18. Director Bero thanked the Board of Directors, Auditing Committee and Na­tional Officers for attending the testi­monial banquet in honor of Vice President Varga held in Bridgeport, Connecticut. The affair was a huge success. 19

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