Dividend Reward Plans

Our Dividend Reward Plans include accounts with premium as low as $1,000.  Our Seedling Dividend Reward Plan offers a 5% return if an account has no losses and no late premium payments for the entire policy period.

Download a copy of the Seedling Dividend Reward Plan (PDF)

Download a copy of the Tangerine Dividend Reward Plan (PDF)

Download a copy of the Orange Dividend Reward Plan (PDF)

Download a copy of the Grapefruit Dividend Reward Plan (PDF)

ELIGIBLE ACCOUNTS

• Dividend Reward Plan applies to policies effective April 1, 2010 and later.
• Policy must remain in effect for the entire policy period without a lapse in coverage in order to be eligible.
• The dividend will be forfeited if a policy is issued a Notice of Cancellation as a result of non-payment of premium as follows: First Notice = Warning, Second Notice = 50% of eligible dividend forfeited, Third Notice = Ineligible for dividend.
• Consent-to-rate accounts are not eligible for Dividend Reward Plans.

DISTRIBUTION CRITERIA

• Dividend Rewards are based on the final audited premium and are initially calculated 7 months after the policy’s expiration.  100% of the indicated dividend will be paid within 90 days of the initial calculation if the insured is still an active member of the Fund.  Dividends of less than $100 will be applied as a credit on the active policy.
• If the insured is no longer an active member of the Fund, the dividend calculation occurs 18 months after the policy’s expiration and the dividend is paid within 90 days of the calculation.
• All audit disputes must be resolved and the balance paid in full prior to the dividend calculation.  Any accounts refusing a final physical audit for any policy period will be ineligible for a dividend.
• Past due premiums and incurred collection costs owed to FUBA Workers’ Comp/FCBI Fund for any Fund year will be deducted from the reward prior to the dividend distribution.  Insureds with past due balances that are sent to collections are not eligible to receive a dividend.
• Dividend Rewards are not guaranteed and are declared at the discretion of the FCBI Board of Trustees.

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