The board of governors of the Florida Workers' Compensation Joint Underwriting Association (FWCJUA) is considering issuing its first dividend in the 14-year history of the residual carrier as lawmakers map strategies for making it tax-exempt.
Michael Cleary, FWCJUA's operations manager, said the board met this week and directed the staff to develop dividend allocation strategies covering the policy years 2001-2003.
Cleary said the staff and the board have not settled on a level of dividend.
The staff will report back to the board at its quarterly meeting on June 12 in Sarasota, Fla.
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