State Fund Announces $40 Million Dividend

The Montana State Fund board of directors approved a $40 million dividend for more than 23,000 policyholders from policy year 2015, the largest amount the carrier says it has ever returned. Employers covered by Montana State Fund for at least six months between July 1, 2014, and June 30, 2015, are eligible for dividend payments. The carrier said the average dividend will be 28% of paid premiums for the policy year, while the maximum is 40%. Employers with high loss ratios or who purchased large deductible policies will not receive a dividend. The state fund said businesses should receive no...