More than 23,000 qualifying policyholders will receive a part of a $12 million dividend from Montana State Fund, the worker’s compensation insurer announced on Friday.
This is the largest dividend MSF has declared since it began giving dividends in 1999, according to the quasi-public insurer. MSF’s board of directors approved the dividend at their Nov. 15, 2013, board meeting, marking the fifteenth consecutive year it has returned dividends, according to MSF.
“It gives us pleasure to financially reward our policyholders who have invested time, money and efforts to create a safer workplace for their employees,” said Laurence Hubbard, president and CEO of MSF.
Policyholders from July 1, 2010 through June 30, 2011 who meet the criteria for a dividend are being notified, and funds will be distributed by early January, according to MSF, which provides workers’ comp coverage to roughly 26,000 employers in the state.
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