Equipment Dealers Earn Texas Mutual DividendThursday, 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 texasmutual.com/agents/pr_tmed.shtm.
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.