Texas Mutual Insurance Company announced a group dividend to the Lone Star Energy (LSE) purchasing group totaling $46,397.
Group dividends are separate from the approximately $100 million in individual dividends that Texas Mutual Insurance Company paid qualifying policyholders this year. Some LSE members may receive dividends under both programs.
Texas Mutual Insurance Company evaluates each purchasing group’s premium volume and loss ratio in determining which groups qualify for dividends. Last year, the company paid over $6.7 million in group dividends. So far in 2006, it has paid approximately $3.3 million.
Any licensed Texas agent can place a qualifying client into the LSE purchasing group, with the underwriter’s approval. For more information on LSE, contact the group’s administrator, Curtis Heptner of CertEssentials LLC, at firstname.lastname@example.org, (940) 397-2771 or (940) 642-2548. For more information about other Texas Mutual purchasing groups, visit the Agents section at www.texasmutual.com.
Texas Mutual Insurance Company notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.
Source: Texas Mutual Insurance Company
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