View this article online: https://www.insurancejournal.com/news/west/2019/04/23/524554.htm
Nonprofits Insurance Alliance of California has declared a $3 million dividend in 2019.
The group will issue the dividend to its qualifying member-insured 501(c)(3) nonprofits renewing their policies from June 1, 2019, to May 31, 2020.
NIAC’s dividend plan issues funds to members based on individual member premiums paid during the dividend period, length of continuous coverage, and favorable claims experience. Since 2007, NIAC has returned a total of $44.1 million in dividends to the nonprofit sector.
NIAC, a nonprofit insurance risk pool, is a member of the Nonprofits Insurance Alliance.