Lawmakers Again Take Aim at State Fund

Montana State Fund officials are monitoring, with some trepidation, a draft bill that would liquidate the carrier and transfer its half-billion dollar surplus to the state. Lawrence Hubbard, president of the state-chartered workers’ compensation carrier, said prior efforts to cashier MSF failed, including one in 2017. But he acknowledged some concern over the tempting “sales pitch” of sweeping more than $500 million into the state’s coffers as part of the latest proposal. The draft would declare MSF’s surplus belongs to the state and would allow the money t...