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UTAH Workers Compensation Fund Declares $10 Million Dividend

Utah Workers’ Compensation Fund Declares $10 Million Dividend

Utah’s Workers’ Compensation Fund (WCF) recently declared a $10 million dividend to be distributed to a majority of policyholders this month. Policyholders can expect to receive 4.5 percent of their earned premium attributable to the 2008 calendar year.

With this distribution, WCF will have returned more than $320 million in dividends to its policyholders since 1990. Dividends are paid from WCF’s surplus, created from the company’s operational efficiencies and investment portfolio performance. (workersxzcompxzkit) .

More than 24,000 businesses in Utah will receive a portion of the $10 million policyholder dividend.

Author: Robert Elliott, J.D.

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Do not use this information without independent verification. All state laws are different. Consult with your corporate legal counsel before implementing any cost containment programs.

This entry was posted on Friday, June 5th, 2009 at 11:22 am and is filed under Insurance Issues, Rates, Premiums, Litigation Management. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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UTAH Workers Compensation Fund Declares $10 Million Dividend

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