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CompSource Oklahoma Issues $20 Million Dividend
OKLAHOMA CITY, OK, March 25, 2008 - CompSource Oklahoma announced
today that the state’s largest workers’ compensation provider is
issuing $20 million in dividends to nearly 28,000 policyholders in
this its 75th anniversary year.
CompSource Oklahoma Board of Managers approved the $20 million
dividend today. The amount of dividend each policyholder will receive
is based proportionately on premium.
"Our strong and stable performance is a credit to the efforts of
our policyholders and the company regarding effective claims
management," said President and CEO Terry McCullar. "Sound
insurance business practices and a wise investment strategy
also contributed to CompSource’s ability to declare the dividend
for policyholders. We are very pleased to offer the dividend
during our 75th anniversary of service to Oklahoma employers."
CompSource is a non-profit, self-supporting and self-sustaining
insurance company created by the state in 1933. CompSource does
not receive state appropriated dollars, but operates based on
investment income and premiums generated from policyholders.
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