American Mutual Life Association

“A copy of the organization's bylaws are provided to each new member. The bylaws are reviewed at each convention and published in the association monthly newpaper 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.”

“A Compensation Committee of Directors reviews performance and recommends any salary increases every June for full time officers. Increases cannot exceed the maximums. The convention sets limits every four years. The Compensation Committee adjusts wages for the full time.”

“Each September, the Directors complete disclosure form. The President and CFO reviews 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.”

“Certified Public Accountant prepared the form and reviews it with the President and the CFO. Form reviewed for amounts reconciled to certified statutory audit and for any changes in policy or procedures from the prior year.”

“Delegates to the convention vote on charges to the bylaws. The governing body then executes policies defied by the bylaws.”

“Members are active by maintaining an 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.”

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

“Decrease in Asset Valuation Reserve: ($57,507). Change in Non-Admitted Assets: $9,862. Change in Net Unrealized Capital Gains: $43,462. Projected Pension Benefit Obligation: $7,321. Total Other Changes in Surplus: $3,138.”