Texas Mutual Insurance Company announced that members of the Texas Produce Association (TPA) workers’ compensation purchasing group will share in a $53,732 dividend. The dividend is based largely on the group’s loss ratio.
TPA has earned more than $113,571 in dividends from Texas Mutual since 2006. Many group members have also qualified for individual policyholder dividends by controlling their personal loss ratios.
In addition to potential dividends, TPA members get a premium discount and an industry-specific safety plan. The group is open to qualifying produce growers, shippers and material providers. Any licensed Texas agent can submit clients for consideration.
Source: Texas Mutual Insurance Company, www.texasmutual.com