Just in time for the New Year, our Board of Directors announced two dividends for the 2022 policy year. This will be the fourth consecutive year we’ve declared an EAP dividend.
A 5 percent estimated annual premium (EAP) dividend will be paid to qualifying policyholders with policies that took effect between January 1, 2022 and December 31, 2022.
Secondly, we will pay a 5 percent Large Account Safety Dividend to qualifying policyholders with policies with inception dates in 2022. Policyholders with Standard Premium of $500,000 or greater at date of policy inception may qualify for this dividend if they meet all the eligibility criteria.
If you have any questions regarding dividend eligibility or payments, please contact your Senior Marketing Representative.
Disclaimer: Disclaimer: Under California law it is unlawful for an insurer to promise the future payment of dividends under an unexpired workers’ compensation insurance policy or to misrepresent the conditions for dividend payment. Dividends are payable only pursuant to conditions determined by the Board of Directors or other governing board of the Company following policy expiration. It is a misdemeanor for any insurer or officer or agent thereof, or any insurance broker or solicitor, to promise the payment of future workers’ compensation dividends. Past dividend performance is no guarantee of an insurer’s future dividend performance. Forfeiture of a right to, reduction in the amount of, or delay in the payment of a policyholder’s dividend due to the policyholder’s failure to accept renewal of the policy or subsequent policies issued by the same insurer is illegal and constitutes an unfair practice.