California State Fund Declares $105M Dividend for Workers’ Comp Policyholders
The board of California’s State Compensation Insurance Fund announced plans to distribute a $105 million dividend to qualifying policyholders with policies that took effect between Jan. 1 and Aug. 19.
This dividend equals roughly 15% of the estimated annual premium reported in State Fund’s mid-year 2019 financial statement and averages out to roughly $1,400 per employer.