Montana State Fund will return $40 million to policyholders - KXLH.com | Helena, Montana

Montana State Fund will return $40 million to policyholders

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The Montana State Fund, the state's largest worker's compensation insurance company, declared a record dividend and will return $40 million to policyholders across the state.

The dividend will pay about 23,000 qualifying policyholders with a strong record of workplace safety.

For Lewis and Clark County area businesses, $3.3 million will be shared. Cascade County employers will receive about $2.6 million in dividends.

At the Montana State Fund headquarters on Thursday, Diamond Construction was presented with a $58,000 dividend check.

"You know for me, if I felt like I was taking care of by my company, it would make me feel more appreciated by the company, and make me want to stay there, so a lot of it is, employer-based and making sure they feel appreciated and lot of it is safety," Andrea McKeever, Diamond Construction Helena Operations President, said.

According to the Montana State Fund, the dividend for a qualified policyholder is about 28 percent of their premium.

"Our goal here is when Montanans leave home in the morning and say goodbye to their families that they come home in the same condition that they left," said Laurence Hubbard, President/CEO of Montana State Fund.

Since 1999, the Montana State Fund has issued $216 million in dividends.

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