How the Plan Operates:
Only insureds whose annual Workers Compensation premium is $10,000 or greater are eligible for the Participating Dividend Plan. A variable dividend is payable based upon your Incurred Loss Ratio in accordance with the Dividend Table shown.
While dividends cannot be legally guaranteed, and are payable at the discretion of the Board of Directors, the Company anticipates paying dividends on this plan each year.
When Dividends Are Calculated and Payable:
The dividend is computed approximately six months after the expiration of the policy when experience is reported under the statistical reporting plan to the respective statistical agent. There will be no recalculation of the dividend for increases or decreases in claims after this calculation is made. Neither the Insured nor the Company may reopen the dividend settlement.
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