ZajednicÌŒar = Fraternalist. [volume] (Allegheny, Pa.) 1894-current, 1957-11-20

Meeting of the Supreme Board to order Ihursday MORN
ing Oct. 3, 1857, with greetings.
All members of the Board and other Officials were
present.
Made welcome at the opening of the session Mr.
Robert E. Bruce Actuary, of Harley N. Bruce and Asso
ciaes, Chicago advisors to the Croaan Fratena Union
OF actuarial matters
Recommendations etc, in Supreme Secretary bro Jo-
seph Beas Report the Supreme Board were the first
Order of Business.
Bro Bella: - We across case recently where e.,
members 20 Year Endowment Certificate had reached the
maturity point This member also insured Tor SICK
Disability and Operation Benefits He decided that ne
ed to cash in on matured certificate but to remain IN
sured on all other benefits In accordance with previous
ruling such we advised this particular meinoe6
Il he ne desired o remain insured for Sick Disability and
Operation Benefits Refusing to do this memoer pole
to make the choice he did, that the Society right to
annual Sick, Disability and Operation Benehts Which
Roard to inerpret whether Section 247 would
ured 20 Year Endowments only cases pertaining 10 ma
tured 20 Year Paid-Up Certificates.
Mr. Bruce opened discussion on this question py sal-
ing that the Endowment the only Certificate actually con-
sidered Matured and then going on to give Doau
Interpretation of Section 247 of the Bylaws He reminded
the Board that can interpret the word Maturity as
NAV desire and that has the right in conjunction win
the Soceys General Counsel to make concre'e ru's "
this and all future such cases.
Supreme Treasurer bro. Martin kraslch asked Nll
Bruce u if he had knowledge of any fraterna
which carries members insured only for Sick oty ana
Operation Benefits and p how person be CONSIDERED
member of the Croatian Fraterna Union ne no longer
the holder of life insurance certltlcate
Mr. Bruce replied first that there are scattered cases
of frateas CARRYING members insured only for SICK Dls
ability and Operation Benefits AS to bro krasch oe
question the Actuary stated that there statutes
which he knows of that interpret the meaning OF mem
ber' ..;
which would lead people to seek CFU membership solely on
the basis carrying Sick Disability and Operation protec
ton something which ght concevably arise one day u
less clear ruling made at this time in the case oeore ne
Board. .,
Junior Order Director bro Michael Grasha agreed with
the Supreme President that the last thing we want So
called 'noncertificate holding members .. -
Mr. Bruce then went into the definite distinction oe
tween Sick Disability and Operation Benefits and the In
come Defender Plan He traced the background OF cancel
liable and noncancelabe plans of accident and health m
surance contracts and the trend today toward renewal on
the part of more and more companies. 49,:
After every member of the Board spoke out on t2s
matter bro Bella moved and Board Member bro John H.
Milan seconded that
Whereas under Section 247 of the bylaws of the C.
of America members may remain insured for sick and
disability benefits of matured pad-up or eenoeo
term certificates upon payment of required dues;
in Section 247 of the BYLAWS of the CFU of America
pertains certificates of insurance hereby interpreted
to "a certificate in force and which Will remain IN
force and which has been surrendered for It's m
The motion was passed without dissenting vote.
Bro. Bella: - have another question here which we
must rule on for the future welfare of the Croatan Frater
nal Union This would involve those members whose cer-
ficates mature take padup insurance which higher
than that the original certificate Shall consider this
increase of protection continued business? II we
then will have to resort to Section 139 OF our
Bylaws in instances where the member passes away during
the first of membership IN which case the society pays
onc-hird of the death benefit.
The Supreme Secretary then went on to cite an eX-
ample wherein member so years of age when ne
took out 20 Endowment. This party would get a
padup certificate amounting to $1391 If this member died
within the first year then under Section 139 the benefits
would to only S463.70 On the other hand, had
this member exercised Option then the paidup certificate
would amounted to 81 0O0 At the time he would have
received S204 in cash and would not have had to undergo
medical examination. However, member who was 16
years age time of enrolment would get padup GER
tcate for $2976 under Option padup certificate for
$1,000 and S663,9S in cash.
Since cases this kind are not covered by By
constituted bro Bella asked the Board for a
ruling nasmuch the matter pertains mostly to Option
Bro Cirasha against this idea in light of the fact
that endeavorng at all times interest people in
Endowment Insurance The Junior Order Director felt that
every person should have the right to the Option of his
her choice if to continue bringing and in
creased business way.
The Supreme President questioned why the Supreme
Secretary bringing only Option into the picture when
Option equally important.
Bro Krasich in looking at Option as definite risk
to the CFU, asked for ruling to whether should
consider such business under discussion new "con
tinued'' protection
Supreme Vice President bro Milan Vranes reminded
that the brought out here by bro Bella is nonmedcal
I'm view Of the fact that the Society requires evidence
insurablity said bro Vranes II how
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