NEWS RELEASE: April 3, 2009
Manufacturing Group Earns $472K Texas Mutual Dividend
AUSTIN— The Texas Association of Manufacturers (TAM) purchasing group has earned a $472,252 workers’ compensation dividend from Texas Mutual Insurance Company. The dividend, which is the group’s second since its inception in 2006, is based largely on its overall loss ratio.
Many TAM members have also qualified for a share of the more than $595 million Texas Mutual has paid to individual policyholders during the past 10 years.
In addition to potential dividends, TAM members get an 11 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.
TAM is open to most manufacturing classification codes. Any licensed Texas agent can submit qualifying clients for consideration. For more information, visit texasmutual.com/agents/pr_tam.shtm.
Texas Mutual notes that past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.