Texas Public Entities Earn $150K Workers’ Comp Dividend

July 29, 2009

The Board of Trustees of Texas Political Subdivisions Joint Self Insurance Fund has voted to approve more than $150,000 in dividend payments to member local government entities throughout Texas. Each public entity’s fund contribution and loss ratio were factors in determining their dividend eligibility and the amount of their dividend.

Pursuant to Texas law, public entities may reduce their insurance premiums by purchasing coverage through an interlocal pooling program. Texas Political Subdivisions JSIF (TPS) was formed in 1983 exclusively for public entities, providing qualifying members such as school districts, counties, cities and other public entities with competitive workers’ compensation and property and casualty coverages.

Appointed licensed insurance agents may submit any qualified Texas public entity to TPS for quotes on one or more lines of coverage.

Source: Texas Political Subdivisions, www.tpspool.org

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