American Mutual Life Association

“The organization is a fraternal benefit society with its members being the owners of a life insurance policy. Members are active by maintaining a insurance or annuity policy.”

“Members are active by maintaining a insurance or annuity policy. Members can be elected to be a convention delegate through their respective lodges. Members can be nominated for the board or for officer positions at the convention. The convention is held every four years.”

“Delegates to the convention vote on changes to the bylaws. The governing body then executes policies as defined by the bylaws.”

“Lodges maintain their own books and records . Lodges conduct their own meetings and elect their own officers. Lodges maintain their own minutes of the meetings. The organization monitors lodge activity and has an annual meeting with all lodge presidents and secretaries/treasurers to update them on any changes occuring with the organization and the insurance industry. Lodges report their financial activity to the home office once a year. The organization handles mergers of any lodges that occur through the year.the organization provides a written manual to assist the lodges in their operation.”

“Certified public accountants prepare the form and review it with the president and treasurer. Form reviewed for amounts reconciled to certified statutory audit and for any changes in policy or procedures from the prior year.”

“Each july, the directors complete a disclosure form. The president, and secretary/treasurer review these forms for any potential conflicts and propose any resolutions. The audit chairman reviews the officer disclosure forms. The potential for conflicts is monitored through the year at each board meeting .”

“A compensation committe of directors reviews performance and recommends any salary increases every july. The convention sets the minimum and maximum ranges of compensation for the board and officers. Increases cannot exceed the maximums. The convention sets those limits every four years.”

“The compensation committe adjusts wages for the fulltime officers each july using the criteria as stated in part vi, line 15a. Director salaries are set every four years by the convention. Employees receive annual cost of living increases each january. Salary reviews are conducted by the top official.”

“A copy of the organization bylaws are provided to each new member. The bylaws are reviewed at each convention and published in the association monthly newspaper when the convention adopts changes. Any governing document is available to a member upon request at the home office. The annual statement that is filed with the ohio department of insurance is available upon request at the home office. A condensed summary of it is published in the association newspaper on an annual basis.”

“To provide mutual aid, protection and security for members through affordable insurance and stable financial products. To promote,perserve and perpetuate the common bond of slovenian language, heritage and culture. To sponser educational scholarships and fratenal activities for the benefit of the members. To support the communities wherein our membership resides through acts of benevolence and volunteerism.”

“Volunteers used for various fraternal events and childrens scholarship affair and christmas party.”

“Change in non-admitted assets -36,519 transfers to asset valuation reserve 48,040 transfers to interest maintenance reserves -17,159 surplus promotion distribution to members 0”