State Fund to make $2M in dividend payments

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By The Associated Press

Story Published: Nov 19, 2009 at 7:29 AM MST

Story Updated: Nov 19, 2009 at 7:29 AM MST

HELENA - The Montana State Fund Board has authorized a $2 million dividend payment to be shared by policy holders with a superior safety record.

Over 15,000 policyholders of record for the period of July 1, 2006 to June 30, 2007, will be receiving dividends. Businesses will be notified in mid-December and the payments will be sent in January.

State Fund officials say this will be the 11th consecutive year the worker's compensation insurance program has returned a portion of premiums to policy holders. Since 1999, the Montana State Fund has awarded $54 million in general dividend payments to qualifying policy holders.

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