Issue link: http://read.dmtmag.com/i/121911
From the National Secretary, cont. from page 7 Internal Operations • he quarterly statement was completed and filed with the T regulatory agencies ahead of the November 15th deadline. • ife products are being redesigned and priced to make L NCSF competitive in the life market. Term product has been approved from a profitability standpoint; we are waiting for state approvals. Whole life products are in the process of being priced and designed, which should then make NCSF competitive in the whole life market and show increased life sales in 2013. • he national treasurer monitors the Wall Street Journal T daily and weekly updates about the economy from "Harris, Pension and Investments", and Investors Business Daily. • Daily CPA Finance" update letters, Nancy Webman from " Pensions & Investments, and The U.S. Economic Outlook from Conning, also are very informational. Third-Quarter Financial Highlights • Please see accounting department's financial report. Other Board Business: • Approval of travel guidelines 2013 • Approval of 2013 budget Motion by National Director Catherine Hensel and seconded by National Director Jane Uselman that the Board of Directors accept the NCSF travel guidelines for 2013. Motion passed 10 – Yes 0 – No. National Secretary's Report National Secretary Patricia DeNys' report covered the following items for the months of September, October and November for 2012: • umber of Insurance and Annuity Certificates issued N • eath Claims paid on Life Certificates D • eath Claims paid on Annuity Certificates D • ash Surrenders on Life Certificates C • ash Surrenders on Annuity Certificates C • apsed Life Certificates L • ancelled Certificates C • eclined Certificates D National Secretary Patricia DeNys requested that the Board of Directors complete and sign conflict of interest forms. Rosalie Pyle was not in attendance and will complete and sign at a later date. National President's Report • eetings with ADP representative Nicole Ezell, working M with employees and task forces. • mployee appreciation luncheon held in September. E Honored employees with benchmark years of service. 8 • nterviewed candidates for sales administrative assistant, I new business representative, and executive vice president positions. • eetings with AT&T, Cimco and ATI to change the M phone systems to AT&T. • udget meetings with accounting team and B executive officers. • ttended court meetings in Barnesville, Minnesota and A Wahpeton, North Dakota. • resented Fraternalist of the Year award to Madonna P Haberman in Wahpeton, North Dakota. • ttended Dubuque and Milwaukee association meetings. A • onference calls with Lori Newberg and Stacy Koron C • nnuities were filed and passed by all states A except California. • ife and term products are in the state filing process now. L • iling an endorsement of limiting $10,000 a year deposit F on flex annuities. • onference calls with Daniela Mardarovici (BMO Harris) C and Lori Newberg on interest rates on new annuity products. • ohnson Lambert & Co. LLP (auditors) were in the office J October 28th - November 1st. National Director Jane Uselman moved and seconded National Director Catherine Hensel, the executive vice president be invited to attend board meetings. Motion passed 8 – Yes 2 – No. The meeting recessed with a prayer at 9:25 p.m. Thursday, December 13, 2012 The December quarterly meeting of the Board of Directors of the National Catholic Society of Foresters was called to order by National President Margaret Babinat on Thursday, December 13, 2012 at 8:02 a.m. in the board room of the Home Office. All members of the Board were present, except Rosalie Pyle. The meeting opened with a prayer followed by the Pledge of Allegiance to the Flag of the United States. Financial report from the accounting department was given by National Treasurer Jon Mocol. The following were reviewed and discussed: • ummary of 2013 Budget S National Director Catherine Hensel moved and seconded by National Director Thomas Meyer that the Board of Directors accept the 2013 budget as presented. Motion passed 10 – Yes 0 – No. • endors with payments over $40,000 V National Catholic Forester — 2012 Annual Report