Texas Mutual Insurance Company announced an $85,112 dividend to the Texas Petroleum Marketers and Convenience Store Association (TPCA) purchasing group. The group has earned more than $214,000 in workers’ compensation dividends during the past two years, largely by controlling its overall loss ratio.
In 2008, Texas Mutual paid a company-record $16.5 million in dividends to its qualifying purchasing groups. It paid nearly $150 million more in dividends to individual policyholders that had acceptable loss ratios, another company record.
Any licensed Texas agent can submit qualifying clients for TPCA group membership. In addition to potential dividends, TPCA members get a discount on their workers’ compensation premium and access to an industry-specific safety plan. For more information, visit texasmutual.com/agents/pr_tpca.shtm.
Texas Mutual notes that past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.
Source: Texas Mutual Insurance Company
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