The company that provides workers compensation insurance for Maine companies is issuing a dividend of $18 million.

Maine Employers’ Mutual Insurance Company says the payments of up to $200,000 will be issued to more than 17,000 policy-holding companies in Maine. The individual amounts paid depend on the premiums each company paid in 2012.

The Portland-based company insures more than 20,000 employers and an estimated 300,000 employees in 46 states and the District of Columbia.

The company was created from 1992 reforms of Maine workers’ compensation law passed by the Maine Legislature and signed by then-Gov. John R. McKernan.

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