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ASP Dividend Timing Change

Posted By Tod Dennis, CopperPoint Mutual, SCF Arizona, Monday, June 27, 2016

Members of a CopperPoint’s Association Safety Program (ASP) who qualify for a safety dividend and a bonus safety dividend for participation in an ASP may see some changes beginning this year in their payments.

 

If the ASP member’s renewal date is the same as the association’s effective date – say Jan. 1 – then the member will receive a single check that combines the individual and the bonus dividend together.

 

However, if the member’s renewal date is different from the association’s effective date, the member will receive two checks. The policyholder’s earned safety dividend will be paid based on the policy renewal date, and if eligible for an association bonus dividend, the member will receive that check based on the association’s effective date.

 

Dividends are never guaranteed and are declared by the CopperPoint Mutual Insurance Company Board of Directors.

Tags:  copperpoint 

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