MSF Declares $20M Dividend, Cuts Rates 10%

Monday, May 17, 2021 | 0

The Montana State Fund announced a $20 million dividend and a 10% rate cut, according to a report by the Billings Gazette.

The newspaper reports that the carrier announced it will return an average of $900 to more than 20,000 policyholders, with individual payments ranging from $18 to $325,000.

At the same time, Montana State Fund announced a 10% average rate reduction for policyholders.

Dividend checks will be mailed later this month and the rate cut takes effect July 1, the carrier said in a statement.