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ART. XXIII] FRATERNAL ORDERS. 151
thereby disclosed shall be printed and mailed to each beneficiary mem-
ber of the association not later than June 1st of each year; or, in lieu
thereof, such report of valuation and showing of the association's con-
dition as thereby disclosed may be published in the association's official
paper, and the issue containing the same mailed to each beneficiary
member of the association. The laws of such association shall provide
that if the stated periodical contributions of the members are insuffi-
cient to pay all matured death and disability claims in full and to pro-
vide for the creation and maintenance of the funds required by its
laws, additional, increased or extra rates of contribution shall be col-
lected from the members to meet such deficiency; and such laws may
provide that, upon the written application or consent of the member,
his certificate may be charged with its proportion of any deficiency
disclosed by valuation, with interest not exceeding five per centum per
annum.
1916, ch. 343, sec. 244F2
244F2. Provisions to Insure Future Security. If the valuation of
the certificates, as hereinbefore provided, on December 31st, 1920,
shall show that the present value of future net contributions, together
with the admitted assets, is less than ninety per cent, of the present
value of the promised benefits' and accrued liabilities, such association
shall be required thereafter to reduce such deficiency not less than five
per centum of the total deficiency on said December 31st, 1920. at
each succeeding triennial valuation. If at any succeeding triennial
valuation such association does not show such percentage of improve-
ment, the Commissioner shall direct that it thereafter comply with the
requirements herein specified. If the next succeeding triennial valua-
tion after the receipt of such notice shall show that the association has
not made the percentage of improvement required herein, the Commis-
sioner may, in the absence of good cause shown for such failure, insti-
tute proceedings for the dissolution of such association, in accordance
with the provision of Section 244G of this Article, or, in the case of a
foreign association, its license may be cancelled in the manner provided
in this article.
Any such association, shown by any triennial valuation, subsequent
to December 31, 1920, not to have made the improvements herein
required shall, within one year thereafter, complete such deficient im-
provements or thereafter, as to all new members admitted, be subject,
so far as stated rates of contribution are concerned, to the provisions
of Section 240 of this Article, applicable in the organization of new
associations; provided that the contributions and funds of such new
members shall be kept separate and apart from the other funds of the
association until the required improvement shall be shown by valua-
tion. If such required improvement is not shown by the succeeding tri-
ennial valuation, then the said new members may be placed in a sepa-
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