Written by The Herald-News
Over 23,000 qualifying policyholders will receive part of a $12 million dividend from Montana State Fund. This is the largest dividend MSF has ever declared. The MSF board of directors approved the dividend at their Nov. 15 board meeting. This is the 15th consecutive year MSF has returned dividends to safety-conscious employers.
“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 Montana State Fund. “Our ability to return a portion of our customers’ premium back to them is also testament to MSF’s commitment to operate a sound financial organization as well as partner with our policyholders to efficiently manage claims that contribute to positive outcomes for injured workers.”
MSF board chair Elizabeth Best stated, “It is hoped that employers who receive this dividend will use it to continue to improve safety in the workplace for Montana employees, who the board recognize to be equal stakeholders.”
Since 1999, MSF has returned $86 million to customers in general dividend payments. Policyholders from July 1, 2010, through June 30, 2011, who meet the criteria for a dividend are being notified. Funds will be distributed by early January.
Montana State Fund provides workers’ compensation coverage and safety education resources to approximately 26,000 employers in the state, making it the largest workers’ compensation insurance company in Montana.