For the eighth year in a row, ISBA Mutual has declared a policyholder dividend. The Board of Directors of ISBA Mutual Insurance Company voted at their December 2012 meeting to declare a dividend in the amount of ten percent of each policyholder’s earned premium for 2012. For most policyholders, this means a dividend roughly equal to ten percent of the premium they paid during 2012. Over $1.7 million will be distributed. Dividend checks will be mailed during February 2013. All firms insured with ISBA Mutual on December 31, 2012 qualify for a dividend. Firms insured with ISBA Mutual on this date who were not insured by the company for the entire calendar year will receive a prorated dividend. This is the ninth time ISBA Mutual has declared a dividend.