31A-33-116. Dividends.
The board may declare a dividend to policyholders if it determines that a surplus exists in
the Injury Fund at the end of a fiscal period after the payment of all claims, administrative costs,
and the establishment of appropriate reserves for future liabilities. In making this determination,
the board shall require a certified audit and actuarial report of the financial condition of the Injury
Fund. The board shall establish uniform eligibility requirements for such dividends. In
determining the amount of dividend to be paid to policyholders, the board may establish a
procedure which takes into consideration the claims loss experience of policyholders as an
incentive to encourage safe working conditions for employees. The Workers' Compensation
Fund may use dividends to offset amounts due or owing by policyholders or former
policyholders.
Renumbered and Amended by Chapter 240, 1996 General Session
Download Code Section Zipped WordPerfect 31A33_011600.ZIP 1,964 Bytes
Sections in this Chapter|Chapters in this Title|All Titles|Legislative Home Page
Last revised: Thursday, May 28, 2009