<div class='html-Content' xmlns="https://www.w3.org/1999/xhtml">
<div class='head-Content'>
<meta http-equiv="Content-Type" content="text/html; charset=UTF-8">
<title>
State Fund Begins Distributing $37 Million Dividend
</title>
<meta name="keywords" content="policyholder, dividend ">
<meta name="description" content="State Fund Begins Distributing $37 Million Dividend">
<meta name="robots" content="noindex">
<link rel="stylesheet" type="text/css" href="/stylesheets/mobile_styles.css">
<style type="text/css">
<!-- @import url("/stylesheets/statefund_styles.css");
-->
</style>
<style type="text/css" media="handheld, only screen and (max-device-width: 480px)">
<!-- @import url("/stylesheets/mobile_styles.css");
-->
</style>
<link href="/stylesheets/statefund_styles.css" rel="stylesheet" type="text/css" media="screen and (min-width: 481px)">
</div>
<div class='body-Content' id="">
<div class="topheader"><a href="/index.asp" name="home"><img src="/images/state_fund_logo.gif" alt="state fund logo" border="0" align="left"></a>
<div class="offscreen"><img src="/images/offscreen_transparency.gif" alt="" width="250" height="20" align="center"></div>
<ul id="accessibility" class="offscreen">
<li><a href="#skipnavigation" accesskey="0">Skip past navigation</a></li>
<li><a href="#footer" accesskey="4">Skip to table of contents</a></li>
</ul>
<div class="offscreen"><img src="/images/offscreen_transparency.gif" alt="" width="250" height="20" align="center"></div>
<div class="topheaderRight">
<div class="topnav">
<div class="topnavRight"><a href="/index.asp" accesskey="5">Home</a> | <a href="/contact/ContactUs.asp" tabindex="1">Contact us</a></div>
<div class="topnavLeft"><a href="/employers/Index.asp" name="Employer">EMPLOYERS</a> | <a href="/broker/Index.asp" name="Broker">BROKERS</a> | <a href="/provider/Index.asp" name="Medical Provider">MEDICAL PROVIDERS</a> | <a href="/employees/Index.asp" name="Employee">EMPLOYEES</a> | <a href="/statecontracts/Index.asp" name="State Contracts">STATE AGENCIES</a></div>
</div>
<div class="topPhonenumber2"><a href="/CustomerSupport/Index.asp"><strong><font size="4px">Customer Support</font></strong></a><br>(888) 782-8338</div>
<div class="topMission">Established in 1914 by the state legislature, State Fund is California's most reliable provider of workers' compensation insurance and a vital asset to California businesses. State Fund supports California's entrepreneurial spirit and plays a stabilizing role in the economy by providing fairly priced workers' compensation insurance, helping California employers keep their workplaces safe, and restoring injured workers.
</div>
</div>
<br><br><br>
</div>
<div id="mainNav2">
<div id="mainNav3">
<div class="offscreen"><img src="/images/offscreen_search.gif" alt="" width="250" height="20" align="left"><br>
<br>
</div><div class="search">
<form name="search" action="https://search.scif.com/StateFundCAsearch.cgi" method="get"><input value="Search" name="query"></form>
</div><div class="offscreen"><img src="/images/offscreen_transparency.gif" alt="" width="250" height="20" align="center"><br>
</div><ul>
<li class='on'><a href='/about/About.asp' name='About'>About</a></li><li><a href='/policy/ObtainAPolicy.asp' name='Obtain a Policy'>Obtain a Policy</a></li><li><a href='/claims/ClaimsSvcs.asp' name='Claims Services'>Claims Services</a></li><li><a href='/safety/SafetyAndSeminars.asp' name='Safety & Seminars'>Safety & Seminars</a></li><li><a href='/forms/Forms.asp' name='Forms'>Forms</a></li><li><a href='/careers/Index.asp' name='Careers'>Careers</a></li>
</ul>
</div>
</div>
<a name="skipnavigation"></a>
<div class="mainArea">
<div class="subright">
<div class="sidesubsubnav">
<div class="subheadr">News Archive</div>
<ul>
<li><a href="/news/News2013.asp">2013 »</a></li><li><a href="/news/News2012.asp">2012 »</a></li><li><a href="/news/News2011.asp">2011 »</a></li><li><a href="/news/News2010.asp">2010 »</a></li><li><a href="/news/News2009.asp">2009 »</a></li><li><a href="/news/News2008.asp">2008 »</a></li>
</ul>
</div>
</div>
<div class="subleft">
<div id="subNav">
<ul>
<li><a href='/about/history/index.html'>History</a></li><li id='subNavHightlight'><a href='/news/NewsAndMedia.asp'>News & Media Center</a></li><li><a href='/about/Leadership.asp'>Leadership</a></li><li><a href='/about/CodeOfConduct.asp'>Code of Conduct</a></li><li><a href='/about/IntegrityInAction.asp'>Ethics and Privacy Hotline</a></li><li><a href='/about/FAQs.asp'>FAQs</a></li><li><a href='/careers/Index.asp'>Careers</a></li><li><a href='/about/Community.asp'>Living Our Values</a></li><li><a href='/about/VendorGuide.asp'>Suppliers</a></li><li><a href='/about/Privacy.asp'>Privacy</a></li><li><a href='/about/cpra/PRO.asp'>Public Records Request</a></li>
</ul>
</div>
</div>
<div class="submiddle">
<p> </p>
<h1>State Fund Begins Distributing $37 Million Dividend</h1>
<h3>July 2, 2015 </h3>
<p> </p>
<p>State Fund will begin issuing dividend payments to eligible policyholders beginning in early July. The $37 million dividend was declared by State Fund’s Board of Directors for the 2014 policy year; eligible policyholders will receive approximately 2.6% of their estimated annual premium. </p>
<p>“State Fund is a not-for-profit organization. This dividend represents State Fund’s commitment to serving California’s businesses and providing value to our policyholders,” said State Fund President and CEO Vern Steiner. </p>
<p>Dividend checks are issued and mailed to policyholders after the policy has been finalized, approximately 18 months from policy inception on the 2014 policy year. The first set of checks to be mailed out in early July is for policies that incepted in January of 2014. </p>
<p>State Fund has declared a total of $287 million in policyholder dividends for the past four policy years. </p>
<p align="center"><em>###</em></p>
<p><em>Disclaimer statement: 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.</em></p>
</div>
<div style="clear:both"></div>
</div>
<a name="footer"></a>
<div class="footerArea">
<div class="footerbg">
<ul>
<li>
<div class="footerSpacer"></div>
<a href="/broker/Index.asp">Brokers</a>
<br>
<a href="/employers/Index.asp">Employers</a>
<br>
<a href="/employees/Index.asp">Employees</a>
<br>
<a href="/fraud/Fraud.asp">Fraud</a>
<br>
<br>
</li>
<li>
<div class="footerSpacer"></div>
<a href="/provider/Index.asp">Medical Providers</a>
<br>
<a href="/statecontracts/Index.asp">State Agencies</a>
<br>
<a href="/policy/ObtainAPolicy.asp">Obtain a Policy</a>
<br>
<a href="/about/VendorGuide.asp">Vendor Guide</a>
<br>
<br>
</li>
<li>
<div class="footerSpacer"></div>
<a href="/claims/ClaimsSvcs.asp">Claims Services</a>
<br>
<a href="/safety/SafetyAndSeminars.asp">Safety & Seminars</a>
<br>
<a href="/forms/Forms.asp">Forms</a>
<br>
<a href="/about/Community.asp">Community</a>
<br>
<br>
</li>
<li>
<div class="footerSpacer"></div>
<a href="/about/About.asp">About Us</a>
<br>
<a href="/about/history/index.html">History</a>
<br>
<a href="/contact/ContactUs.asp">Contact Us</a>
<br>
<a href="/CustomerSupport/Index.asp">Customer Support</a>
<br>
<br>
</li>
</ul>
<div style="clear:left"></div>
</div>
</div>
<div class="footerArea" align="center">Copyright © 2000-2023 State Compensation Insurance Fund<br>
<a href="/about/TermsOfUse.asp">Website Terms of Use</a>, <a href="/about/PrivacyPolicy.asp">Website Privacy Policy</a> and <a href="/about/SharingDisclosure.asp" target="_blank">Information Sharing Disclosure</a></div>
</div>
</div>
