Fraternity-Testvériség, 1959 (37. évfolyam, 1-12. szám)
1959-05-01 / 5. szám
FRATERNIT V 5 AUDITOR’S REPORT FOR 1958 The Office of the Auditor keeps records on the standing of every certificate, takes care of the bookkeeping and determines the validity of submitted claims and bills. I am grouping my report according to the three spheres of activity. I. INVENTORY We kept records of our certificates as to their standing, total number and types. Both the Actuary and the Secretary were notified regularly about changes in certificates and we published a fluctuation summary in the official paper every month. FLUCTUATION SUMMARY A. Life Certificates: In force on December 31, 1957 ........................................................ 38,560 Add: New Certificates ............................................................ 2,825 Reinstated ........................................................................ 88 2,913 41,473 Less: Deaths ............................................................................. 321 Matured .......................................................................... 143 Lapsed (First Year 841) ............................................. 1,733 Surrendered .................................................................... 585 2,782 In force on December 31, 1958 ........................................................ 38,691 Net Increase in 1958 ........................................................................... 131 B. Additional Protection Riders: In force on December 31, 1957 ....................................... 114 $309,000 Add: New Riders .................................................................. 23 105,000 137 $414,000 Less: Riders lost (Surrender, Lapse, Conversion) ....... 13 46,000 In force on December 31, 1958 ....................................... 124 $368,000 Net Increase in 1958 .......................................................... 10 $ 59,000 C. Sick Benefits: In force on December 31, 1957 ........................................................ 1,683 Add: New and Reinstated .................................................................. 27 1,710 Less: Deaths and Lapses .................................................................... 100 In force on December 31, 1958 ........................................................ 1,610 Net Decrease in 1958 ........................................................................... 73
