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Are the dividends SCF pays annually typical of workers compensation carriers?

April 26, 2017annually carriers compensation dividends pays scf Workers

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Are the dividends SCF pays annually typical of workers compensation carriers?

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A. No. Private insurance companies are for-profit businesses with shareholders or policyholders as owners. The objective of private insurance companies is to pay profits to their owners. The owners may or may not be residents of Arizona. SCF returns any excess “profits” to qualified policyholders, all of whom must operate in Arizona. Therefore, all dividends that SCF pays stay in Arizona.