Texas Mutual Insurance Company announced a $43,392 dividend for the Texas Produce Association (TPA) purchasing group. Premium volume and loss ratio were key factors in the group’s second consecutive dividend.
Members earn a premium discount based on the premium volume of the entire group, and they retain their own experience modifier. They also have access to a safety plan developed specifically for their industry.
The group is open to growers; domestic, import and specialty shippers; distributors; material and service providers; and others in the produce industry. Any licensed Texas agent can submit a qualifying client for group membership. For more information on TPA and other purchasing groups, visit www.texasmutual.com.
Texas Mutual Insurance Company notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.
Source: Texas Mutual
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