As approved by the Board on Friday, April 10, the Ohio BWC will issue another Billion Back dividend by the end of April 2020. This dividend will be equal to 100% of the premium paid in the policy year that ended 6/30/19.
The BWC will look at your coverage status as of April 4, 2020. If you’ve had coverage since January 1, 2020 then you will get the dividend. If your coverage has been lapsed since before January 1, 2020, you will not receive a dividend.
The BWC will deduct from your dividend any amounts outstanding, such as your installments due in April and May.
FYI The BWC accounting system issues invoices the last week of the month. Generally, an outstanding balance due is deducted from any refunds, rebates or dividends.