Texas Mutual Insurance Company announced a $105,500 dividend to the Hospitals of Texas (HOTComp) workers’ compensation purchasing group. It is the group’s first dividend.
The group dividend was based largely on HOTComp’s overall loss ratio. Many HOTComp members have also earned individual policyholder dividends based on their individual member loss ratios.
HOTComp is open to qualifying Texas hospitals and their majority-owned subsidiary businesses.
Any licensed Texas agent can submit clients for membership. In addition to potential dividends, HOTComp members get a premium discount and access to an industry-specific safety plan.
Texas Mutual underwrites HOTComp, and the HealthSure agency administers it.
Source: Texas Mutual Insurance Company, www.texasmutual.com
Topics Texas
Was this article valuable?
Here are more articles you may enjoy.
Amazon’s Ring Sued Over Facial Recognition Feature 
M&A Lawyer Pleads Not Guilty to Leading Insider-Trading Ring 
Natural-Disaster Insurance Gap Now Exceeds $420 Billion Globally 
Florida Supreme Court Posts New Rule on AI Hallucinations in Court Filings 
