Workers Compensation Fund declares $20 million dividend

The Workers Compensation Fund on Tuesday declared a $20 million dividend that will be distributed to a majority of policyholders in August.

WCF said policyholders can expect to receive 9.25 percent of their earned premiums attributable to the 2004 calendar year.

With this distribution, WCF will have returned more than $209 million in dividends to its policyholders since 1991. Dividends are paid from WCF's surplus, which is created from the company's operational efficiencies and investment portfolio performance.

Salt Lake-based WCF is a compensation insurance provider, promoting workplace safety to more than 30,000 Utah companies. Established in 1917, WCF is a mutual insurance company owned by its policyholders. It offers its customers a variety of services, including safety and loss control, claims administration, medical case management, vocational rehabilitation and fraud investigations.