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Equipment Dealers Earn Texas Mutual Dividend

Thursday, June 18, 2009

AUSTIN, TX — The Texas Machinery and Equipment Dealers (TM&E) purchasing group has earned an $87,803 workers’ compensation dividend from Texas Mutual Insurance Company. The dividend is based largely on the group’s overall loss ratio.

TM&E has earned $133,500 in group dividends during the past two years. Group dividends are separate from the $75 million in individual policyholder dividends that Texas Mutual’s board approved in May. TM&E members may receive dividends under both programs.

In addition to potential dividends, TM&E members get a percent premium discount and an industry-specific safety plan. Most can earn an additional 12 percent annual premium discount by enrolling in Texas Mutual’s workers’ compensation health care network.

TM&E is open to all types of machinery and equipment dealers. Any licensed Texas agent can submit qualifying clients for group membership. For more information, visit

Texas Mutual notes that past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

About Texas Mutual Insurance Company
Austin-based Texas Mutual Insurance Company is the state’s leading provider of workers’ compensation insurance. Since 1991, the company has provided a stable, competitively priced source of workers’ comp insurance for Texas employers.

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