William Penn Life, 1969 (4. évfolyam, 1-12. szám)

1969-01-01 / 1. szám

John P. Balia, Frank Bero, Stephen Danko, Michael Hegedűs, Stephen J. Iv.ancso, Rev. Andrew P. Jacobs, Dr. Andrew Kovács, Stephen Lang, Jr., Frank J. Radvany, Joseph Toma, Louis Vassy and Frank J. Wukovits, Sr., and Officers: John Sabo, National Controller and Budget Director and Julius E. Somogyi, National Treasurer.

Gay B. Banes, General Counsel was also present.

7. The Agenda was presented to the Board and same was adopted, with the provisio, that any matter properly belonging before the meeting may be added thereto during the course of the meeting.

8. It was moved, seconded and unanimously adopted by the Board, that the eulogy in memory of Joseph Vasas, Honorary Supreme Secretary, be attached to and made a part of these Minutes.

9. Vice-President Louis L. Varga read the Board’s Committee Report to the Board of Directors. The Board acknowledged this Report as a basis for further deliberations.

10. General Counsel Gay B. Banes reads his Report to the Board. The Board accepted the General Counsel’s Report as read.

11. It was moved, seconded and adopted by the Board that the Staff and General Counsel establish rules and regulations governing social functions and Social Home operations. This step is necessary to protect the Home Office from liability arising out of activities over which the Home office has no control or direction.

12. General Counsel Gay B. Banes read the Charter of Incorporation of the William Penn Fraternal Association Scholarship Foundation. The Board authorized him to file same with the Commonwealth of Pennsylvania and with the Internal Revenue Service, for approval.

13. Director Joseph Toma announced that Branch 48 of New York City donated $100.00 to the William Penn Scholarship Foundation.

14. A. Supervisor of Agencies, Joseph Toma of ZONE I, read his Report to the Board with reference to Field Operations in his ZONE.

B. Supervisor of Agencies, Gus G. Nagy of ZONE II, read his Report to the Board with reference to Field Operations in his ZONE.

C. Supervisor of Agencies, Frank J. Wukovits, Sr. of ZONE III, read his Report to the Board with reference to the Field Operations in his ZONE.

D. It was moved, seconded and adopted by the Board to accept these Reports from the Supervisors of Agencies for further deliberation.

15. Director Michael Hegedűs and Director Frank J. Radvany submitted their reports on the American-Hungarian Federation Convention which they attended as delegates, representing the William Penn Fraternal Association. The

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Board acknowledged the reports on this Convention and thanked the delegates for attending same.

16. Board Chairman introduced Mr. William C. Kohut, Chairman of the Auditing Committee. Mr. Kohut reported that his Committee had completed a very successful audit of our Association this past September. He stated that they had never experienced such fine stewardship and direction as provided by the Board of Directors and the National Officers. The current composition of the two teams has proven to be most successful. The Auditing Committee feels that the Board of Directors and National Officers are well geared for the modern computer age method of doing business and are proceeding in the proper direction. He extended best wishes and holiday greetings to each and everyone present, and thanked the Board for the opportunity of addressing them.

17. National President Charles appreciated the presence of Mr. Kohut and thanked him for his remarks to the Board. Mr. Charles also extended best wishes for a long and happy life to Mr. Kohut on his recent marriage.

18. Greetings were also extended to the Board on behalf of Gaspar Papp, former Chairman of the Auditing Committee.

19. It was moved, seconded and adopted by the Board that a Committee, which would include the Board’s Committee, the Staff and Supervisors of Agencies, study the feasibility of a Sales Promotion Program and place same into effect if found to be feasible.

20. A letter dated December 9, 1968 from the Western Pennsylvania National Bank pertaining to our Accounts Receivable, Premium Billing and Analysis Programs was read to the Board. There were three separate recommendations made therein for improving the Computer programming of the Association’s Premium Billing and Analysis Programs.

After due deliberation, it was moved, seconded and unanimously adopted by the Board to accept the third recommendation, namely, — to make major programming revisions to the Premium Billing Edit and Status Program, to generate those Exception Reports required by the Association and to totally rewrite the Exception Report Program. This will also include specific changes requested in the Status Report routines. The implementation to take place as soon as possible.

21. National President Charles introduced Mr. Richard Korves, who is promoting our “Thrift and Membership Plan.” Mr. Korves thanked the Board for the opportunity of speaking to them. He explained briefly, their operation of selling the “21-year Savings Plan.” President Charles thanked him for his appearance before the Board.

22. National President now introduced Mr. Ernest Bendzsuk, Chief Underwriter of the Home Office staff. Mr. Bendzsuk

explained the operations of the Underwriting Department thoroughly.

It was moved, seconded and adopted by the Board to refer the matter of the Underwriting problem to the Home Office Staff for complete review and streamlining of the Underwriting Department.

23. The Board adopted the following resolution pertaining to appointments of Supervisors of Agencies:

RESOLUTION WHEREAS, the Association desires to continue its acquisition of new members through the “Agency Operation System,” and

WHEREAS, it is the intent of Management to expand the Agency System to all areas of operation in each Zone, under the supervision of a Supervisor of Agency, NOW, THEREFORE, BE IT RESOLVED by the Board of Directors in regular meeting assembled this 10th day of December 1968, that: — The Board of Directors hereby appoints —

Mr. Joseph Toma, ZONE I,

Mr. Gus G. Nagy, ZONE II, and Mr. Frank J. Wukovits, Sr., ZONE III. as Supervisors of Agencies for the year 1969, and

24. The Board adopts the following resolution pertaining to the “Thrift and Membership Plan”:

RESOLUTION WHEREAS, the Association did develop a 21- Pay Life Contract referred to as “Thrift and Membership Plan” which plan has been approved by the Pennsylvania Insurance Department, and WHEREAS, the Association did enter into a Contract to market this Plan exclusively in the State of Pennsylvania, and

WHEREAS, the Association desires to Sell the “Thrift and Membership Plan” in other States where the Association is licensed, under the same contract which now applies to solicitation in Pennsylvania only,

NOW, THEREFORE, BE IT RESOLVED by the Board of Directors in regular meeting assembled this 10th day of December 1968, that the sale of the Plan known as the “Thrift and Membership Plan” be extended to all States where such Plan will be approved by the Insurance Department of said State, provided that such sales expansion is requested or approved by the Supervisor of Agencies of the Zone where the Plan may be offered to our membership.

25. The following resolution is adopted by the Board pertaining to Special Agents’ Bonus:

RESOLUTION WHEREAS, the Association desires to increase New Business Production from “Special Agents”

NOW, THEREFORE, BE IT RESOLVED by the Board of Directors in regular meeting assembled this 10th day of December 1968, that commencing with