These Numbers Don’t Need Crunching. No Objections About That!
Advantage Specialty is now offering a Workers’ Compensation Safety Group for Accountants, Lawyers, and Insurance Agents in New Jersey.
How the Dividend Works:
|Case Incurred Loss and ALAE Ratio||Maximum Dividend Payout as a Percentage of Premium|
Dividend will be calculated 18 months after the end of the 12-month period.
No loss development factors are applied.
The Board of Directors must approve and declare a dividend prior to issuance to the Safety Group.
Must be a current policyholder to receive dividend payment (regardless of year).